DEBIT and CREDIT | Basic Accounting Tutorial
FOR BEGINNERS!!!
DEBIT AND CREDIT! WITH SAMPLE PROBLEMS!!
Debit Normal balance
D.E.A.D
Debit
Expenses
Asset
Dividends / Drawings
Credit Normal Balance
C.L.E.R
Credit
Liabilities
Equity
Revenue
*Correction: Dividends = DISTRIBUTION of profit to the owners
If you have any questions/clarifications or topics that you want to discuss, just comment below. Thank you so much! God bless!!
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