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Debit or Credit
Whether an account is debited or credited
60
Accounting
01/27/2011
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Cards

Term
Increase Cash
 Definition
Asset - Debit
Term
Decrease Cash
 Definition
Asset - Credit
Term
Increase Sales Revenue
 Definition
Revenue - Credit
Term
Decrease Sales Revenue
 Definition
Revenue - Debit
Term
Increase Commissions Expense
 Definition
Expense - Debit
Term
Decrease Commissions Expense
 Definition
Expense - Credit
Term
Increase Advertising Expense
 Definition
Expense - Debit
Term
Decrease Advertising Expense
 Definition
Expense - Credit
Term
Increase Salaries Payable
 Definition
Liability - Credit
Term
Decrease Salaries Payable
 Definition
Liability - Debit
Term
Increase Prepaid Insurance
 Definition
Asset - Debit
Term
Decrease Prepaid Insurance
 Definition
Asset - Credit
Term
Increase Property Taxes Payable
 Definition
Liability - Credit
Term
Decrease Property Taxes Payable
 Definition
Liability - Debit
Term
Increase Property Tax Expense
 Definition
Expense - Debit
Term
Decrease Property Tax Expense
 Definition
Expense - Credit
Term
Increase Dividends Declared
 Definition
Owners' Equity (Owners' Withdrawals) - Debit
Term
Decrease Dividends Declared
 Definition
Owners' Equity (Owners' Withdrawals) - Credit
Term
Increase Interest Revenue
 Definition
Revenue - Credit
Term
Decrease Interest Revenue
 Definition
Revenue - Debit
Term
Increase Salaries Expense
 Definition
Expense - Debit
Term
Decrease Salaries Expense
 Definition
Expense - Credit
Term
Increase Commissions Revenue
 Definition
Revenue - Credit
Term
Decrease Commissions Revenue
 Definition
Revenue - Debit
Term
Increase Unearned Rent Revenue
 Definition
Liability - Credit
Term
Decrease Unearned Rent Revenue
 Definition
Liability - Debit
Term
Increase Equipment
 Definition
Asset - Debit
Term
Decrease Equipment
 Definition
Asset - Credit
Term
Increase Note Payable
 Definition
Liability - Credit
Term
Decrease Note Payable
 Definition
Liability - Debit
Term
Increase Building
 Definition
Asset - Debit
Term
Decrease Building
 Definition
Asset - Credit
Term
Increase Accounts Payable
 Definition
Liability - Credit
Term
Decrease Accounts Payable
 Definition
Liability - Debit
Term
Increase Supplies on Hand
 Definition
Asset - Debit
Term
Decrease Supplies on Hand
 Definition
Asset - Credit
Term
Increase Accounts Receivable
 Definition
Asset - Debit
Term
Decrease Accounts Receivable
 Definition
Asset - Credit
Term
Increase Common Stock
 Definition
Owners' Equity (Owners' Investments) - Credit
Term
Decrease Common Stock
 Definition
Owners' Equity (Owners' Investments) - Debit
Term
Increase Retained Earnings
 Definition
Owners' Equity (Earned Capital) - Credit
Term
Decrease Retained Earnings
 Definition
Owners' Equity (Earned Capital) - Debit
Term
Increase Mortgage Payable
 Definition
Liability - Credit
Term
Decrease Mortgage Payable
 Definition
Liability - Debit
Term
Increase Loan Receivable
 Definition
Asset - Debit
Term
Decrease Loan Receivable
 Definition
Asset - Credit
Term
Increase Bank Loan Payable
 Definition
Liability - Credit
Term
Decrease Bank Loan Payable
 Definition
Liability - Debit
Term
Increase Audit Fees Incurred
 Definition
Expense - Debit
Term
Decrease Audit Fees Incurred
 Definition
Expense - Credit
Term
Increase Dividend Income
 Definition
Revenue - Credit
Term
Decrease Dividend Income
 Definition
Revenue - Debit
Term
Increase Fees Incurred
 Definition
Expense - Debit
Term
Decrease Fees Incurred
 Definition
Expense - Credit
Term
Increase Fees Earned
 Definition
Revenue - Credit
Term
Decrease Fees Earned
 Definition
Revenue - Debit
Term
Increase Utilities Expense
 Definition
Expense - Debit
Term
Decrease Utilities Expense
 Definition
Expense - Credit
Term
Increase Utilities Payable
 Definition
Liability - Credit
Term
Decrease Utilities Payable
 Definition
Liability - Debit