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Which T-accounts follows the rules of debit and credit in relation to increases and decreases in the opposite manner?
Wiki User
∙ 13y ago
Normal Balance Debit:
(Asset, Expense, Dividend)
Accounts Receivable
Inventory
Equipment
Supplies
Prepaid Rent
Prepaid Insurance
Cash
Supplies Expense
Depreciation Expense
Rent Expense
Salaries Expense
Cost of Goods Sold
Normal Balance Credit:
(Liability, Shareholder Equity, Revenue, Retained Earnings)
Salaries Payable
Accumulated Depreciation
Retained Earnings
Unearned Revenue
Service Revenue
Common Stock
Wiki User
∙ 13y ago
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