What is a debit used to record a decrease in an asset, a decrease in an expense account, an increase in a revenue account, an increase in the balance of common stock, a decrease in the balance of revenue?

A few theories exist when it comes to the DR and CR abbreviations for debit and credit. The term debit… Read more What is a debit used to record a decrease in an asset, a decrease in an expense account, an increase in a revenue account, an increase in the balance of common stock, a decrease in the balance of revenue?