| A | B |
|---|
| Debits | + A; - L and S/E; - Rev; + Exp; + Div; |
| Credits | - A; + L & S/E; + Rev; - Exp; - Div |
| Debits (left) | increase accounts on left side (assets) |
| Credits (right) | increase accounts on right (liabilities) |
| S/E Accounts Increased by Credits | C/S, R/E and Revenue |
| S/E Accounts Increased by Debits | Expenses and Dividends |
| Journal | Chronological doc; Record transactions before entering to accts; Contains complete transactions |
| Ledger | Contains all accts; Shows bal. in ea. acct after ea. entry affecting acct |
| Accounting Cycle | Journalize; Post to ledger; Prepare trial bal. |
| Trial Balance | List of accounts and their balances |
