Debit

Transactions cause increases and decreases in assets, liabilities, and fund balances.

In Asset accounts:

Increases are recorded as debits.

Decreases are recorded as credits.

In Liability accounts:

Increases are recorded as credits.

Decreases are recorded as debits.

In Fund Balance(Equity) accounts:

Increases are recorded as credits.

Decreases are recorded as debits.

Revenues, since they increase the fund balance, are credited to revenue accounts.

Expenses, since they decrease the fund balance, are debited to expense accounts.

Distributions, since they decrease the fund balance, are debited to distribution accounts.