Danielle98
Sep 15, 2008, 05:53 PM
How to make a journal entry what goes under debits and what goes under credits?
Danielle98 Sep 15, 2008, 05:53 PM How to make a journal entry what goes under debits and what goes under credits? AdamUTsel Sep 16, 2008, 01:04 PM Any account can be a debit or credit in a journal entry. You will have to be more specific. DozerOp3 Sep 21, 2008, 07:11 PM The way that I remember how to debit or credit accounts is this: Debit Account Credit + Asset - - Liability + - Income + - C.S + + Equity - So, remember ALICE. To increase an asset, you debit it, to decrease it, you credit it. To increase a Liability you credit it. CS=common stock Copyright ©2005-, Ask Me Help Desk
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