Nov 11, 2025

Debit

• A debit is an entry on the left side of an account.

• Account Type • Debit Does What?

Assets Increases

Expenses Increases

Liabilities Decreases

Equity Decreases

Revenue Decreases

How do I remember it?

• Think of Debit as "When money comes IN the account."

Real world example

• You buy groceries with cash

Groceries are an expense → expenses increase with debit

Cash is an asset → assets decrease with credit