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-   -   What are the typical accts list on the normal balance sheet as credit? (https://www.askmehelpdesk.com/showthread.php?t=512924)

  • Oct 2, 2010, 12:26 PM
    sbledson
    What are the typical accts list on the normal balance sheet as credit?
  • Oct 2, 2010, 12:45 PM
    pready

    Liabilities, Owners' Equity, and Contra Assets accounts.
  • Oct 2, 2010, 12:52 PM
    sbledson
    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..
  • Oct 2, 2010, 01:08 PM
    pready

    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.
  • Oct 2, 2010, 06:05 PM
    sbledson
    Comment on pready's post
    Thanks, this really helped and put it into perspective a lot more.

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