Debits and Credits and the Type Of Accounts

NOTE: Simply place your mouse cursor over an answer in each column. There is no need to click the answer.

Account Type	To Increase The Account's Balance		To Decrease The Accounts Balance		Account's Normal Balance		Balance Sheet or Income Statement Account
Asset	Debit	Credit	Debit	Credit	Debit	Credit	Balance Sheet	Income Statement
Liabilities	Debit	Credit	Debit	Credit	Debit	Credit	Balance Sheet	Income Statement
Owner's Equity (Capital)	Debit	Credit	Debit	Credit	Debit	Credit	Balance Sheet	Income Statement
Revenue	Debit	Credit	Debit	Credit	Debit	Credit	Balance Sheet	Income Statement
Expense	Debit	Credit	Debit	Credit	Debit	Credit	Balance Sheet	Income Statement
Draws	Debit	Credit	Debit	Credit	Debit	Credit	Balance Sheet	Income Statement