Learning Accounts
BeginnerBasic Bookkeeping

Understanding Debits and Credits

Debits and credits are the foundation of double-entry bookkeeping. Every transaction affects at least two accounts. Debit Rules: - Increases Assets - Decreases Liabilities - Decreases Equity - Increases Expenses Credit Rules: - Decreases Assets - Increases Liabilities - Increas…

What you'll learn

  • 10 worked examples with step-by-step solutions
  • Practice questions to lock in understanding
  • AI tutor on tap to explain anything in plain English

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