Are Account Balances Debits or Credits
For each type of account, the balance is either a debit or a credit. When you post a transaction, the debit or credit amount increases or decreases.
| Account Type | Balance | Post Debit | Post Credit |
|---|---|---|---|
| Assets | Debit | Increase | Decrease |
| Liabilities | Credit | Decrease | Increase |
| Net Worth | Credit | Decrease | Increase |
| Revenue | Credit | Decrease | Increase |
| Expenses | Debit | Increase | Decrease |
