Difference between revisions of "Accounting Equation"

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|Decreases  
 
|Decreases  
 
|Increases <br> <br> '''Normal <br> Balance'''
 
|Increases <br> <br> '''Normal <br> Balance'''
 +
|
 +
|Decreases
 +
|Increases <br> <br> '''Normal <br> Balance'''
 +
|}
 +
 +
{| class="wikitable"
 +
|-
 +
! scope="col"| Dr
 +
! scope="col"| Cr
 +
!
 +
! scope="col"| Dr
 +
! scope="col"| Cr
 +
!
 +
|-
 +
|Increases <br> <br> '''Normal <br> Balance'''
 +
|Decreases
 
|
 
|
 
|Decreases  
 
|Decreases  
 
|Increases <br> <br> '''Normal <br> Balance'''
 
|Increases <br> <br> '''Normal <br> Balance'''
 
|}
 
|}

Revision as of 00:36, 8 February 2016

Assets = Liabilities + Equity


Therefore:

All asset accounts   =   All liability accounts   +   All equity accounts
Dr Cr Dr Cr Dr Cr
Increases

Normal
Balance
Decreases Decreases Increases

Normal
Balance
Decreases Increases

Normal
Balance
Dr Cr Dr Cr
Increases

Normal
Balance
Decreases Decreases Increases

Normal
Balance