What Must Be Done If A Transaction Increases Or Decreases The Right Side Of The Accounting Equation
A Debit Entry / Credit Entry Always Decreases / Increases The Balance Of An Account Is A Debit Entry Always Decreases / Increases The Balance Of An Account? A debit entry does not always decrease the balance of an Account . It all depends upon the Types of Accounts involved in a Transaction . For Liabilities, Owner’s Equity and Revenues, a debit entry always decreases the balances of these accounts but for Assets and Expenses Accounts, a debit entry always increases the balances of these accounts according to the Rules of Debits And Credits . Is A Credit Entry Always Increases / Decreases The Balance Of An Account? On the other hand, a credit entry always increases the balances of liabilities, owner’s equity and revenues but decreases the assets and expense accounts. Why A Debit Entry / Credit Entry Always Decreases / Increases The Balance Of Liabilities, Owner’s Equity And Revenues And Increases Assets And Expense Accounts? As the normal, unusual, favorable or positive...