> Rules: Left side of equation: Increase in an asset: debit. Decrease in an asset: credit.
This is the non-intuitive part for me. Everything else seems logical. Why would you debit an asset when it increases?
This is the non-intuitive part for me. Everything else seems logical. Why would you debit an asset when it increases?
Debts aren’t good or bad.
Just remember: “debits come in, credits go out”.