In Assets:

Debts increase or decrease?

Assets:

Debts

Increase

In Assets:

Do credit increase or decrease?

Assets:

Credits Decrease

What is the Accounting Equation?

ASSETS = LIABILITIES + STOCKHOLDERS' EQUITY

WHAT ACCOUNTS

AFFECT

STOCKHOLDERS' EQUITY?

STOCKHOLDER'S EQUITY

=

COMMON STOCK

+

RETAINED EARNINGS

IN STOCKHOLDERS' EQUITY

DEBITS INCREASE OR DECREASE?

IN STOCKHOLDERS' EQUITY

DEBITS DECREASE

IN STOCKHOLDERS' EQUITY

CREDITS  INCREASE OR DECREASE?

IN STOCKHOLDERS' EQUITY

CREDITS INCREASE

IN COMMON STOCK

 DEBITS  INCREASE OR DECREASE?

IN COMMON STOCK

DEBITS 

DECREASE

IN COMMON STOCK

 CREDITS  INCREASE OR DECREASE?

IN COMMON STOCK

CREDITS INCREASE

IN RETAINED EARNINGS

 DEBITS INCREASE OR DECREASE?

IN RETAINED EARNINGS

DEBITS DECREASE

IN RETAINED EARNINGS

 CREDITS INCREASE OR DECREASE?

IN RETAINED EARNINGS

CREDITS INCREASE

WHAT 3 ACCOUNTS

AFFECT

RETAINED EARNING?

REVENUES

-

EXPENSES

-

DIVIDENDS

AFFECT

RETAINED EARNINGS

IN REVENUES

DEBIT INCREASES OR DECREASES?

IN REVENUES

DEBIT

DECREASE

IN REVENUES

CREDITS INCREASES OR DECREASES?

IN REVENUES

CREDITS INCREASE

IN EXPENSES:

CREDITS INCREASES OR DECREASES?

IN EXPENSES:

CREDITS

DECREASE

IN EXPENSES:

DEBITS INCREASES OR DECREASES?

IN EXPENSES:

DEBITS INCREASE

IN

DIVIDENDS:

DEBITS INCREASES OR DECREASES?

IN

DIVIDENDS:

DEBITS INCREASE

IN

DIVIDENDS:

 CREDITS INCREASES OR DECREASES?

IN

DIVIDENDS:

CREDITS

DECREASE

IN

DIVIDENDS:

 DEBITS INCREASES OR DECREASES?

IN

DIVIDENDS:

DEBITS INCREASE

DEBITS

INCREASE

IN WHAT

 2 ACCOUNTS?

ASSETS AND EXPENSES

CREDITS

DECREASE

IN WHAT

2 ACCOUNTS?

ASSETS AND EXPENSES

NET INCOME

=

WHAT 2 ACCOUNTS

REVENUES

-

EXPENSES

IN LIABILITIES:

DEBITS INCREASE OR DECREASE

IN LIABILITIES:

DEBITS 

 DECREASE

IN LIABILITIES:

 CREDITS INCREASE OR DECREASE

IN LIABILITIES:

CREDITS INCREASE

What is the order

 of

 accounts on a T-balance sheet?

1. ASSETS
2. LIABILITIES
3. STOCKHOLDERS' EQUITY
4. DIVIDENDS
5. REVENUES
6. EXPENSES