Debit and Credit Nature PDF

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Summary

This document shows general account natures and balances that arefundamental to accounting. ...

Description

Account Cash at bank Accounts Receivable Interest Receivable Other Receivables Inventory Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Vehicle Accumulated Depreciation - Vehicle Machinery Accumulated Depreciation - Machinery

Account Type (5 Elements) Asset Asset Asset Asset Asset Asset Asset - Contra Asset Asset - Contra Asset Asset - Contra Asset Asset - Contra

Accounting Equation Asset Asset Asset Asset Asset Asset Asset Asset Asset Asset Asset Asset Asset

Normal Sign Debit Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit

Land Supplies Prepaid Insurance Prepaid Rent Accounts Payable Loan Payable Interest Payable Salaries Payable Other Payables Mortgage / Loan Payable Unearned Revenue Revenue Received in Advance Service Revenue Sales Interest Revenue Insurance Expense Salaries Expense Advertising Expense Interest Expense Utilities Expense Delivery Expense Depreciation Expense Rent Expense Capital Drawings Dividends

Asset Asset Asset Asset Liability Liability Liability Liability Liability Liability Liability Liability Revenue Revenue Revenue Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Equity Equity - contra Equity - contra

Asset Asset Asset Asset Liability Liability Liability Liability Liability Liability Liability Liability Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity

Debit Debit Debit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Credit Debit Debit

Debit and Credit rule Debits Credits Decrease Increase

Decr e Increase Decrease Increase Decrease Increase Decrease Increase

Incre Decrease Increase Decrease Increase Decrease Increase Decrease

Decrease

Inc

se

Increase

Decrease

Dec se Increase + Increase +

Inc se + De se Decrease -...