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Debit or credit normal

Exercise and reference answers

Upper category
Debit
Lower category
Credit
Items
  1. Category
    Debit
    Item
    Assets
  2. Category
    Debit
    Item
    Expenses
  3. Category
    Debit
    Item
    Dividends
  4. Category
    Debit
    Item
    Left side
  5. Category
    Credit
    Item
    Liability
  6. Category
    Credit
    Item
    Equity
  7. Category
    Credit
    Item
    Revenue
  8. Category
    Credit
    Item
    Right side
Instructions
Send each clue to the debit track or the credit track.

Explanation

_Source: OpenStax Principles of Accounting Volume 1, Chapter 3, Analyzing and Recording Transactions._
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