Skip to end of metadata
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 3 Next »

Debits and Credits Rules

Quite simply there are 5 account types and each one can go up or down as follows.

D E A D C L I C
This acronym stands for Debit Expenses, Assets and Drawings, and Credit Liabilities, Income and Capital.

Account GroupAccount
Value
Increase		Account
Value
Decrease		Balance
Assets
  • A/R
  • Cash
DRCRDR
Liabilities
  • Deposits
  • Taxes Due
  • Prepaid Sales
CRDRCR
Owner EquityCRDR
Revenue
  • Sales
CRDRCR
Expenses
  • Discounts
DRCRDR

VetView Wiki

Most recent releases of VetView:  Version 4.2.5 Hotfix (Released 10/31/2024)

To see commonly used terms in VetView Hospital, please visit our Hospital Glossary of Terms.

Contents

  • No labels