Double-entry bookkeeping 1: debits, credits, T accounts, the trial balance, and the financial statements
. A debit entry to a credit account will increase the balance on that credit account.

. A debit entry to an expense account will decrease the balance on that expense account.

. Assets and expenses are debit accounts.

. A credit entry to an equity account will increase the balance on that equity account.

. A debit entry to an asset account will increase the balance on that asset account.

. A debit entry to the sales account will increase the balance on the sales account.

. A credit entry to a debit account will decrease the balance on that debit account.

. A debit entry to a liability account will increase the balance on that liability account.

. A credit entry to an expense account will increase the balance on that expense account.

. A credit entry to an income account will increase the balance on that income account.

. A debit entry to a debit account will decrease the balance on that debit account.

. A debit entry to a capital account will increase the balance on that capital account.

. A credit entry to an asset account will decrease the balance on that asset account.

. Assets, income and capital are credit accounts.

. A credit entry to a credit account will increase the balance on that credit account.

. A credit entry to the trade payables account will increase the balance on the trade payables account.