View Full Version : What are the typical accts list on the normal balance sheet as credit?
sbledson
Oct 2, 2010, 12:26 PM
pready
Oct 2, 2010, 12:45 PM
Liabilities, Owners' Equity, and Contra Assets accounts.
sbledson
Oct 2, 2010, 12:52 PM
Thanks pready,
Still having a little trouble getting the exact accounts together and deciding which accounts fit in each category but, working at it. Again thanks..
pready
Oct 2, 2010, 01:08 PM
This may help:
For your Debit accounts:
D - Debits
E - Expenses
A - Assets
D - Dividends
For Credit accounts:
C - Credits
U - Unearned Revenues
R - Revenues
L - Liabilites
S - Stockholder/Owner's Equity
This helped me a lot in my first accounting class.
sbledson
Oct 2, 2010, 06:05 PM
Thanks, this really helped and put it into perspective a lot more.