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Rules For Debits And Credits

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Revision as of 09:05, 14 August 2025 by WikiSysop (talk | contribs) (Created page with "To help determine if an entry should be a debit or credit transaction, the acronym '''DEAD CLIC''' may help. * '''D'''ebit: ** '''E'''xpense ** '''A'''sset ** '''D'''rawing * '''C'''redit: ** '''L'''iability ** '''I'''ncome ** '''C'''apital")

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To help determine if an entry should be a debit or credit transaction, the acronym DEAD CLIC may help.

Debit:
- Expense
- Asset
- Drawing
Credit:
- Liability
- Income
- Capital

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