Account Summary Chart
Debits increase asset and expense accounts, while they decrease revenue, liability, restricted, and fund principal accounts. Credits increase revenue, liability, restricted, and fund principal accounts, while they decrease asset and expense accounts.
Below are a couple of tables to help you understand and remember how debits and credits affect your accounting balances:
| Type of Account | What does a debit do? | What does a credit do? |
| Assets | Increases | Decreases |
| Liabilities | Decreases | Increases |
| Fund Principal | Decreases | Increases |
| Revenues | Decreases | Increases |
| Expenses | Increases | Decreases |
| Restricted | Decreases | Increases |
| Type of Account | Where are increases recorded? | Where are decreases recorded? |
| Assets | Debit Column | Credit Column |
| Liabilities | Credit Column | Debit Column |
| Fund Principal | Credit Column | Debit Column |
| Revenues | Credit Column | Debit Column |
| Expenses | Debit Column | Credit Column |
| Restricted | Credit Column | Debit Column |