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Debit Or Credit On Accounts
Memorizing whether credit or debit is positive on certain accounts.
6
Accounting
Undergraduate 1
09/24/2010
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Cards

Term
Are Assets Positive for Debits?
 Definition
Yes
Term
Are Liabilities Positive for Debits?
 Definition
No
Term
Is Equity Positive for Debits?
 Definition
No
Term
Are Expenses Positive for Debits?
 Definition
Yes
Term
Is Revenue Positive for Debits?
 Definition
No
Term
Are Dividends Positive for Debits?
 Definition
Yes
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