Nature of Accounts, Debit and Credit Rules

In columns, enter debit or credit to describe the journal entry necessary to increase and decrease the account type shown on the left, and which side of the account represents its normal balance.

	Increase	Decrease	Normal Balance
Asset	AnswerDebitCredit	AnswerDebitCredit	AnswerDebitCredit
Liability	AnswerDebitCredit	AnswerDebitCredit	AnswerDebitCredit
Common stock	AnswerDebitCredit	AnswerDebitCredit	AnswerDebitCredit
Dividends	AnswerDebitCredit	AnswerDebitCredit	AnswerDebitCredit
Revenue	AnswerDebitCredit	AnswerDebitCredit	AnswerDebitCredit
Expense	AnswerDebitCredit	AnswerDebitCredit	AnswerDebitCredit