How to remember debits and credits?

There are many different ways to remember your debits from your credits.  Here are a couple for you to try:

1. Drive on the left.  Crash on the right.

Debits (DRs) on the left of a T account.  Credits (CRs) on the right of a T account.

2. DEAD CLIC

Debit to increase expenses, assets and dividends

Credit to increase liabilities, income and capital

3.  EARL or PEARLS

Split the word down the middle so that:

Purchases, expenses and assets are on the left side i.e. the debit side of a T account

Revenue, liabilities and sales are on the right side i.e. the credit side of a T account

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