The following table summarizes the rules of debit and credit. For each of the items (a) through (l), indicate whether the proper answer is a debit or a credit.

The following table summarizes the rules of debit and credit. For each of the items (a) through (l), indicate whether the proper answer is a debit or a credit.


Increase Decrease Normal Balance
Balance sheet accounts:
Asset(a) (b) (c) 
Liability (d) Debit (e) 
Owner’s equity:
Capital Credit (f ) Credit 
Drawing (g) (h) (i)
Income statement accounts:
Revenue (j) (k) Credit
Expense (l) Credit Debit






Answer:
a. debit
b. credit
c. debit
d. credit
e. credit
f. debit
g. debit
h. credit
i. debit
j. credit
k. debit
l. debit