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Dear sir/ Madam, i requested to give me information about dr and cr. thanks

Accounting Accounting and Finance
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Question added by Rohullah Ayoubi , Admin , WWCC
Date Posted: 2014/12/11
Upvote (0) Views (0) Followers (1) Answers (1) Report Question
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Tariq Mehmood
by Tariq Mehmood , Accountant General, Punjan,Lahore Pakistan , Senior Auditor, District Accounts Office, Sheikhupura.

  • Asset
    • To increase an Asset, Debit it.
    • To decrease an Asset, Credit it.
  • Liability:
    • To increase a Liability, Credit it.
    • To decrease a Liability, Debit it.
  • Owner's Equity Accounts (Capital, Drawings, Profit and Loss summary, Asset Reserve)
    •  To increase Owner's Equity , Credit it.
    • To decrease Owner's Equity , Debit it
  • Revenue:
    •  To increase Revenue , Credit it.
    • To decrease Revenue , Debit it
  • Expense
    • To increase an Expense, Debit it.
    • To decrease an Expense, Credit it.

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