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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.

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