How to Increase a Dividend, Debit, or Credit in Accounting. ... First, zero the revenue account and the expenses account into the income-statement account.

Discover the key differences between debits vs credits in accounting — debits increase assets, while credits boost liabilities and equity. Skip to content TechRepublic ...

Double-entry accounting is a bookkeeping system that requires two entries — one debit and one credit — for every transaction. Your books are balanced when debits and credits zero each other out.

A few theories exist on the origin of the abbreviations for debit (DR) and credit (CR) in accounting. Both have Latin roots and can appear on a company's balance sheet.