Endless journal entries and debit/credit rules. Fill it in, check it, next.
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DEA: Dividends, Expenses, Assets go up with a debit.
LER: Liabilities, Equity, Revenue go up with a credit.
| Account type | Increase | Decrease | Normal balance |
|---|---|---|---|
| Asset | Debit | Credit | Debit |
| Liability | Credit | Debit | Credit |
| Equity (stock, retained earnings) | Credit | Debit | Credit |
| Revenue | Credit | Debit | Credit |
| Expense | Debit | Credit | Debit |
| Dividends | Debit | Credit | Debit |
| Accumulated Depreciation (contra-asset) | Credit | Debit | Credit |
Every entry: total debits = total credits. Debits are listed first; credits are indented below them.