What is the increase side and which is the decrease side for wage expenses.
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What is the increase side and which is the decrease side for wage expenses.
Expense accounts have a normal Debit balance, which means that a debit entry will increase the account balance, while a credit entry will decrease the account balance.
Here is a simple way to determine whether an account has a normal debit or credit balance:
D - Debit Balance
E - Expense accounts
A - Assets
D - Dividends
C - Credit Balance
U - Unearned Revenues
R - Revenues
L - Liabilities
S - Shareholder Equitys (owners equity)
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