Rules of Debit and Credit The following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit. Balance sheet accounts: Asset Liabilities Owner's equity: Capital Drawing Income statement accounts: Revenue Expense Increase Debit Credit Credit Credit Debit Decrease Credit Debit Debit Debit Credit Normal Balance Debit Credit Credit Credit Debit

The following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit