Debit and Credit

Debit is the left side of the account. It is abbreviated as Dr from the Latin word debere.

Credit is the right side of the account. It is abbreviated as Cr from the Latin word credere.



Assets are increased in debit and decreased in credit.

Liabilities are increased in credit and decreased in debit.

Equity accounts are owner's capital, withdrawals, income and expense.

Owner's capital is increased in credit and decreased in debit.

Withdrawal is increased in debit and decreased in credit. 

Income is increased in credit and decreased in debit.

Expense is increased in debit and decreased in credit.