Which transactions are recorded on the debit side of a journal entry?



Q4. Debit accounts
Which transactions are recorded on the debit side of a journal entry?

A4. Assets + Expenses = Liabilities + Equity + Revenues

(1) Increases in asset accounts are recorded on the debit side.
(2) Increases in expense accounts are recorded on the debit side.
(3) Decreases in liability accounts are recorded on the debit side.
(4) Decreases in equity accounts are recorded on the debit side.
(5) Decreases in revenue accounts are recorded on the debit side.

[Note]
1. Assets and expenses: Increases are recorded on the debit side.
2. Assets and expenses: Decreases are recorded on the credit side.
3. Liabilities, equity, revenues: Increases are recorded on the credit side.
4. Liabilities, equity, revenues: Decreases are recorded on the debit side.

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