Debit entries are put on the left side of the ledger. The word debit is another way of saying left. Credit is vice versa where credit entries are on the right side of the ledger and credit means right. Debit entries for the following accounts mean this:
Assets-Increase
Liabilities-Decrease
Capital-Decrease
Revenue-Decrease
Expenses-Increase
Drawings-Increase
Credit entries for the following accounts mean this:
Assets-Decrease
Liabilities-Increase
Capital-Increase
Revenue-Increase
Expenses-Decrease
Drawings-Decrease
Assets-Increase
Liabilities-Decrease
Capital-Decrease
Revenue-Decrease
Expenses-Increase
Drawings-Increase
Credit entries for the following accounts mean this:
Assets-Decrease
Liabilities-Increase
Capital-Increase
Revenue-Increase
Expenses-Decrease
Drawings-Decrease