Principles of Accounting, Part 4, Question 45

[Sindaena]

You can either use the fundamental accounting equation as mentioned above to remember which accounts are increased by debits or which by credits or remember DEAD (Debits increase Expenses, Assets, and Dividends). In accounting debit doesn't mean increase or decrease, it just means left. Credit means right. Asset accounts such as cash are increased by debits as are expenses and dividends. Liabilities, revenues, and owner's equity, as well as contra asset accounts like accumulated depreciation are increased by credits.

Good luck!