The way I understand debits and credits is to take the same equation and name the left and right side. Assets + Expenses = Equity + Income + Liabilities Sum o

The way I understand debits and credits is to take the same equation and name the left and right side. Assets + Expenses = Equity + Income + Liabilities Sum of all debits = sum of all credits These two equations have their sides associated. Assets and equities increase with a debit and decrease with a credit, and vice versa.