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Debits and Credits (Topic Outline)

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Topic Outline

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Read our Explanation (4 Parts) Free

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.

Part 1Introduction to Debits and Credits, What Is an Account?, Double-Entry Accounting, Debits & Credits
Part 2T–accounts, Journal Entries, When Cash Is Debited and Credited
Part 3Normal Balances, Revenues & Gains are Usually Credited, Expenses & Losses are Usually Debited, Permanent & Temporary Accounts
Part 4Bank's Debits & Credits, Bank's Balance Sheet, Recap
Read our Additional Explanation (3 Parts) Free

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.

Part 1Introduction, Pertinent Facts Relating to Debits and Credits
Part 2Normal Debit and Credit Balances for the Accounts, Examples of Debits and Credits in a Sole Proprietorship
Part 3Examples of Debits and Credits in a Corporation
Take our Practice Quiz Free

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.

Review our Visual Tutorial

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.

Watch our Bookkeeping Video Training

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.

Review our Q&A Free

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.

Review our Flashcards

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.

Solve our Word Scramble Free

If you find Debits and Credits terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle #1 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Debits and Credits in a more fun format.

Solve our Crossword Puzzle #2 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Debits and Credits in a more fun format.

Solve our Crossword Puzzle #3 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Debits and Credits in a more fun format.

Review our Cheat Sheet

Our Debits and Credits Cheat Sheet contains valuable tips for gaining a more complete understanding of when to debit and/or credit accounts.

Take our Quick Test #1

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.

Take our Quick Test #2

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.

Take our Quick Test #3

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.

Take our Quick Test #4 with Coaching

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.

Earn our Debits and Credits Certificate of Achievement

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.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
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