Credits and Debits Chart

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Knowing how Credits and Debits affect each type of account is critical in making accurate journal entries. Below, you'll find a chart that shows each type of account, and how to increase or decrease that type of account by using either a credit or a debit:

 

Account Type Increase Decrease
Asset Debit Credit
Restricted Debit Credit
Liability Credit Debit
Income Credit Debit
Expense Debit Credit
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