Rentvine

The table below shows how debit and credit entries increase or decrease a chart of account.

Debits Vs Credits

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Create your workspace and invite the people you work with.

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Account Type	Increase Balance	Decrease Balance
Banks	DEBIT	CREDIT
Assets	DEBIT	CREDIT
Liabilities	CREDIT	DEBIT
Equity	CREDIT	DEBIT
Income	CREDIT	DEBIT
Expenses	DEBIT	CREDIT

Debits Vs Credits

Debits and Credits

The table below shows how debit and credit entries increase or decrease a chart of account.