Our Explanation of Debits and Credits describes the reasons why various accounts are debited and/or credited. For the examples we provide the logic, use T-accounts for a clearer understanding, and the appropriate general journal entries.
This Additional Explanation of Debits and Credits uses the accounting equation to show why revenue accounts are credited and expense accounts are debited. In the process you will deepen your understanding of debits, credits, and the balance sheet.
This 14-question quiz is a fast way to assess your understanding of the Debits and Credits Explanation. It's also a great warmup for our Quick Tests.
Our visual tutorial for the topic Debits and Credits contains valuable tips for gaining a more complete understanding of when to debit and/or credit accounts. Many sample transactions are presented and each will include T-accounts and the effect on a company's trial balance.
Our bookkeeping videos will help you deepen your understanding of debits and credits, general ledger accounts, double-entry bookkeeping, adjusting entries, bank reconciliation, and more. This video training consists of 13 videos of approximately 10 minutes each.
We've answered 120 popular questions related to the topic Debits and Credits. Review them all or use the search box found at the top of each page of our website for your specific questions.
Our flashcards for the topic Debits and Credits will help you master key terms and definitions. You can view them on any device or print them out.
If you find Debits and Credits terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Debits and Credits in a more fun format.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Debits and Credits in a more fun format.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Debits and Credits in a more fun format.
Our Debits and Credits Cheat Sheet contains valuable tips for gaining a more complete understanding of when to debit and/or credit accounts.
This graded 30-question test measures your understanding of the topic Debits and Credits. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.
This graded 20-question test measures your understanding of the topic Debits and Credits. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.
This graded 40-question test measures your understanding of the topic Debits and Credits. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.
This graded 30-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Debits and Credits.
Pass our 40-question exam to demonstrate that you have mastered debits and credits, double-entry, and the accrual method of accounting. As you use the AccountingCoach materials to prepare for the exam, you will gain a deeper understanding. This will lead to a new level of confidence and less need to memorize.
We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement, Working Capital and Liquidity, Financial Ratios, Bank Reconciliation, and Payroll Accounting. Click here to learn more.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.
