Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 43

Explaining accounts and the rules of debit and credit
Margaret Alves is tutoring Timothy Johnson, who is taking introductory accounting. Margaret explains to Timothy that debits are used to record increases in accounts and credits record decreases. Timothy is confused and seeks your advice.
Requirements
1. When are debits increases When are debits decreases
2. When are credits increases When are credits decreases