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5 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Increases in Assets are recorded on what side of the T-Acct.?
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On the DEBIT-left side for increases
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Debit SO Equity Credit
______________________ + - |
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Decreases in Assets are recorded on what side of the T-Acct?
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On the CREDIT-right side for decreases
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Debit SO Equity Credit
_______________________ _ + |
|
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An increase in Liabilities Acct. are recorded on what side of the T-Acct?
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Credit for Increases in Liabilities.
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Debit SO Equity Credit
_______________________ _ + |
|
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An decrease in Liabilities Acct. are recorded on what side of the T-Acct?
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Debit for decreases
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Debit SO Equity Credit
_______________________ _ + |
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Decreases in SO Equity are recorded what side?
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Debit for decreases
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Debit SO Equity Credit
_______________________ _ + |
