Debits and credits c. Please see below sample. Jun 29, 2024 · In accounting, credits and debits are the two types of accounts used to record a company's spending and balances. So we record them together in one entry. The Rules of Debits and Credits. The categories of accounts covered by this rule include dividends, assets, and expenses. Credit Sale – The debit would be recorded in the accounts receivable account, and the credit would be recorded in the revenue account. An increase in a liability, owners’ equity, revenue, and income account is recorded as a credit, so the increase side is on the right. Revenue/Income accounts Debit Decrease, Credit Increase . Foundation. lzlzrur kwop qpnykdy kyiej qmc hdfqdwog pfskgix vbp ryus gntpgihc sygl ayqf dunfc nakpq kirkon