Account Types

Account	Type	Debit	Credit
ACCOUNTS PAYABLE	Liability	Decrease	Increase
ACCOUNTS RECEIVABLE	Asset	Increase	Decrease
ACCUMULATED DEPRECIATION	Contra Asset	Decrease	Increase
ADVERTISING EXPENSE	Expense	Increase	Decrease
ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS	Contra Asset	Decrease	Increase
AMORTIZATION EXPENSE	Expense	Increase	Decrease
AVAILABLE FOR SALE SECURITIES	Asset	Increase	Decrease
BONDS PAYABLE	Liability	Decrease	Increase
BUILDING	Asset	Increase	Decrease
CAPITAL STOCK	Equity	Decrease	Increase
CASH	Asset	Increase	Decrease
CASH OVER	Revenue	Decrease	Increase
CASH SHORT	Expense	Increase	Decrease
CHARITABLE CONTRIBUTIONS PAYABLE	Liability	Decrease	Increase
COMMON STOCK	Equity	Decrease	Increase
COST OF GOODS SOLD	Expense	Increase	Decrease
CURRENCY EXCHANGE GAIN	Gain	Decrease	Increase
CURRENCY EXCHANGE LOSS	Loss	Increase	Decrease
DEPRECIATION EXPENSE	Expense	Increase	Decrease
DISCOUNT ON BONDS PAYABLE	Liability	Decrease	Increase
DISCOUNT ON NOTES PAYABLE	Contra Liability	Increase	Decrease
DIVIDEND INCOME	Revenue	Decrease	Increase
DIVIDENDS	Dividend	Increase	Decrease
DIVIDENDS PAYABLE	Liability	Decrease	Increase
DOMAIN NAME	Asset	Increase	Decrease
EMPLOYEE BENEFITS EXPENSE	Expense	Increase	Decrease
EQUIPMENT	Asset	Increase	Decrease
FEDERAL INCOME TAX PAYABLE	Liability	Decrease	Increase
FEDERAL UNEMPLOYMENT TAX PAYABLE	Liability	Decrease	Increase
FREIGHT-IN	Part of Calculation of Net Purchases	Increase	Decrease
FREIGHT-OUT	Expense	Increase	Decrease
FUEL EXPENSE	Expense	Increase	Decrease
GAIN	Gain	Decrease	Increase
HEALTH/CHILD FLEX PAYABLE	Liability	Decrease	Increase
INCOME SUMMARY	Not a Financial Statement Account	Debited for Total Expenses	Credited for Total Revenues
INSURANCE EXPENSE	Expense	Increase	Decrease
INSURANCE PAYABLE	Liability	Decrease	Increase
INTEREST EXPENSE	Expense	Increase	Decrease
INTEREST INCOME	Revenue	Decrease	Increase
INTEREST PAYABLE	Liability	Decrease	Increase
INTEREST RECEIVABLE	Asset	Increase	Decrease
INVENTORY	Asset	Increase	Decrease
INVESTMENT IN BONDS	Asset	Increase	Decrease
INVESTMENT INCOME	Revenue	Decrease	Increase
INVESTMENTS	Asset	Increase	Decrease
LAND	Asset	Increase	Decrease
LOAN PAYABLE	Liability	Decrease	Increase
LOSS	Loss	Increase	Decrease
MEDICARE/MEDICAID PAYABLE	Liability	Decrease	Increase
MISCELLANEOUS EXPENSE	Expense	Increase	Decrease
NOTES PAYABLE	Liability	Decrease	Increase
NOTES RECEIVABLE	Asset	Increase	Decrease
OBLIGATION UNDER CAPITAL LEASE	Liability	Decrease	Increase
PAID-IN CAPITAL IN EXCESS OF PAR – COMMON	Equity	Decrease	Increase
PAID-IN CAPITAL IN EXCESS OF PAR – PREFERRED	Equity	Decrease	Increase
PATENT	Asset	Increase	Decrease
PAYROLL TAX EXPENSE	Expense	Increase	Decrease
PETTY CASH	Asset	Increase	Decrease
POSTAGE EXPENSE	Expense	Increase	Decrease
PREMIUM ON BONDS PAYABLE	Liability Adjunct Account	Decrease	Increase
PREPAID INSURANCE	Asset	Increase	Decrease
PREPAID RENT	Asset	Increase	Decrease
PURCHASE DISCOUNTS	Reduces Calculation of Net Purchases	Decrease	Increase
PURCHASE DISCOUNTS LOST	Expense	Increase	Decrease
PURCHASES	Part of Calculation of Net Purchases	Increase	Decrease
PURCHASE RETURNS	Reduces Calculation of Net Purchases	Decrease	Increase
RENT EXPENSE	Expense	Increase	Decrease
REPAIR EXPENSE	Expense	Increase	Decrease
RETAINED EARNINGS	Equity	Decrease	Increase
RETIREMENT CONTRIBUTION PAYABLE	Liability	Decrease	Increase
REVENUE	Revenue	Decrease	Increase
SALARIES EXPENSE	Expense	Increase	Decrease
SALARIES PAYABLE	Liability	Decrease	Increase
SALES	Revenue	Decrease	Increase
SALES DISCOUNTS	Contra Revenue	Increase	Decrease
SALES RETURNS	Contra Revenue	Increase	Decrease
SERVICE CHARGE	Expense	Increase	Decrease
SERVICE REVENUE	Revenue	Decrease	Increase
SOCIAL SECURITY PAYABLE	Liability	Decrease	Increase
STATE INCOME TAX PAYABLE	Liability	Decrease	Increase
STATE UNEMPLOYMENT TAX PAYABLE	Liability	Decrease	Increase
SUPPLIES	Asset	Increase	Decrease
SUPPLIES EXPENSE	Expense	Increase	Decrease
TRADING SECURITIES	Asset	Increase	Decrease
TREASURY STOCK	Contra Equity	Increase	Decrease
UNCOLLECTIBLE ACCOUNTS EXPENSE	Expense	Increase	Decrease
UNEARNED REVENUE	Liability	Decrease	Increase
UNREALIZED GAIN	Gain	Decrease	Increase
UNREALIZED LOSS	Loss	Increase	Decrease
UNREALIZED GAIN – OTHER COMPREHENSIVE INCOME	Increase in Equity Via Other Comprehensive Income	Decrease	Increase
UNREALIZED LOSS – OTHER COMPREHENSIVE INCOME	Decrease in Equity Via Other Comprehensive Income	Increase	Decrease
UTILITIES EXPENSE	Expense	Increase	Decrease
WARRANTY EXPENSE	Expense	Increase	Decrease
WARRANTY LIABILITY	Liability	Decrease	Increase