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Chapter 2
Transaction Analysis
17
Accounting
Undergraduate 1
02/01/2009
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Cards

Term
Debits
 Definition
Left
Term
Credits
 Definition
Right
Term
Normal debit values
 Definition
Increase debits decrease credits
Term
Normal credit values
 Definition
Increase credit decrease debit
Term
credit assets
 Definition
right decrease
Term
debit assets
 Definition
left increase
Term
debit liabilities
 Definition
left decrease
Term
credit liabilities
 Definition
right increase
Term
credit owners equity
 Definition
right increase
Term
debit owners equity
 Definition
right decrease
Term
debit expenses
 Definition
left increase
Term
credit expenses
 Definition
right decrease
Term
debit dividends
 Definition
left increase
Term
credit dividends
 Definition
right decrease
Term
name for dividends in a proprietorship
 Definition
withdraws
Term
debit revenues
 Definition
left decrease
Term
credit revenues
 Definition
right increase
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