They are used to indicate the increase and decrease in certain accounts. When there is a change in an
account, that change is indicated by either debit or crediting that account according to the following rules:
ASSETS and EXPENSES
- An Increase is recorded as Debit (left side)
- A decrease is recorded as Credit (right side)
- A decrease is recorded as Debit ( left side)
- An increase is recorded as Credit (right side)