Comments for Assets As Debits Bookkeeping Question

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May 17, 2011
Debit or Credit
by: Anonymous

I don't think any of us who are trying to understand this stuff can understand why an increase to a bank account is a DEBIT. It has been adopted by accountants as a check on balances. All debits must equal all credits. When one account has a DEBIT it affects another account with a CREDIT.
It also has to do with the "Normal Balance" of an account. IE: Asset accounts have a Normal Debit Balance, meaning that they increase with a Debit.
Also, Expense Accounts have a Normal Debit Balance.
This account too increases with a debit.
All other accounts, Liability, Equity, and Revenue have a Normal Credit Balance, and Increase with a Credit.

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