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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