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Nature of Accounts, Debit and Credit Rules: In columns, enter Debit or Credit to describe the journal entry necessary to increase and decrease the amount
Nature of Accounts, Debit and Credit Rules: In columns, enter Debit or Credit to describe the journal entry necessary to increase and decrease the amount shown on the left, and which side of the account represents its normal balance.
| Increase | Decrease | Normal Balance |
Asset |
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|
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Liability |
|
|
|
Common Stock |
|
|
|
Dividends |
|
|
|
Revenue |
|
|
|
Expense |
|
|
|
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