Assets Revenues And Withdrawals Are All Increased By Debits

Assets And Withdrawals Are Increased By Debits Or Decreased By Credits

Assets And Withdrawals Or Drawings Are Increased By Debits And Decreased By Credits While Revenues Are Increased By Credits

Both Assets and Owner’s Withdrawals / Drawings have normal balances on debit side or left side of T-Account. So, these accounts are increased on debit side but decreased by credits as the credit side is unusual or negative side for these accounts.

Revenues Are Increased By Credits And Decreased By Debits

Revenues have normal balance on credit side or right side of T-Account, so these are increased by credits and decreased by debits as the debit side or the left side is unfavorable side for these accounts.