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5 Cards in this Set

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  • Back
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Increases in Assets are recorded on what side of the T-Acct.?
On the DEBIT-left side for increases
Debit SO Equity Credit
______________________
+ -
Decreases in Assets are recorded on what side of the T-Acct?
On the CREDIT-right side for decreases
Debit SO Equity Credit
_______________________ _ +
An increase in Liabilities Acct. are recorded on what side of the T-Acct?
Credit for Increases in Liabilities.
Debit SO Equity Credit
_______________________ _ +
An decrease in Liabilities Acct. are recorded on what side of the T-Acct?
Debit for decreases
Debit SO Equity Credit
_______________________ _ +
Decreases in SO Equity are recorded what side?
Debit for decreases
Debit SO Equity Credit
_______________________ _ +