Debit credit acronyms



ACRONYMS FOR REMEMBERING THE DEBIT AND CREDIT RULESEARLS Helps students remember by referring to the My Name is EARL television show.Uses a T-account and the normal balance (increase) side of the account to remember debits and credits.Notice E and A are on the left side of the account and to increase these accounts is to debit them.Notice R, L, and S are on the right side of the account and to increase these accounts is to credit them.DEBIT CREDIT R L S(Revenues) (Liabilities) (Stockholders’ Equity) E A(Expenses) (Assets)LASER Debits are the increase side L(Liabilities)R(Revenues)A(Assets)E(Expenses)S(Stockholders’Equity)Credits are the increase side ................
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