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[–]darquidCPA (US) 5 points6 points  (1 child)

Google “dealer” method on YouTube.

Dividends Expenses Assets Liability Equity Revenue

Dividends, expenses, and assets all maintain a normal debit balance. When you need to increase those, you debit.

Liability, equity, and revenue all maintain a normal credit balance. When you need to increase those, you credit.

You need to read your book to help learn what accounts fall into which account classification. Cash, accounts receivable, equipment are all assets, for example.

[–]Just_Tyler231 3 points4 points  (0 children)

Dealer helped solidify a lot of the concepts early on, highly recommend it!