Increase in Assets
Debit
Decrease in Assets
Credit
Increase in Liabilities
Credit
Decrease in Liabilities
Debit
Increase in Owners' Equity
Credit
Decrease in Owners' Equity
Debit
Increase in Revenue
Credit
Decrease in Revenue
Debit
Increase in Expenses
Debit
Decrease in Expenses
Credit
What are some examples of temporary accounts?
Revenues, Expenses, and Dividends
What are some examples of permanent accounts?
Assets, Liabilities, common stock, and Owners' Equity