Double Entry and Financial Statements

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What side do assets go on
Debit
1 of 6
What goes on the income Statement
Revenue and Expenses
2 of 6
What side do revenues go on
Credit
3 of 6
What side do liabilities go on
Credit
4 of 6
What goes on the balance sheet
Assets and Liabilities
5 of 6
What side do Expenses go on
Debit
6 of 6

Other cards in this set

Card 2

Front

What goes on the income Statement

Back

Revenue and Expenses

Card 3

Front

What side do revenues go on

Back

Preview of the front of card 3

Card 4

Front

What side do liabilities go on

Back

Preview of the front of card 4

Card 5

Front

What goes on the balance sheet

Back

Preview of the front of card 5
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