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 |