Rules for Increasing & Decreasing Accounts

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The following are rules for increasing and decreasing accounts.

1. Asset accounts normally have debit balances and are increased by debits. 
2. Liability accounts normally have credit balances and are increased by credits. 
3. Owner's equity accounts normally have credit balances and are increased by credits. 
4. Revenue accounts are increased when credited.
5. Expense accounts are increased when debited.