Bookkeeping All-in-One For Dummies
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Understanding debits and credits is a tricky business. (How did accountants get to be so warped, you may wonder?) Don’t sweat, with this table you can get your debits and credits spot on, every time.

Account Type To increase this account To decrease this account
Asset Debit Credit
Liability Credit Debit
Equity Credit Debit
Income Debit Credit
Expenses Debit Credit

About This Article

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About the book authors:

Lita Epstein, MBA, enjoys helping people develop good financial, investing, and tax planning skills. She designs and teaches online courses and has written more than 40 books, including Bookkeeping For Dummies and Reading Financial Reports For Dummies. John A. Tracy, CPA, is professor of accounting, emeritus, at the University of Colorado in Boulder.

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