Accounts Normal Balance Receipts or Revenues Credit Expenses or Disbursements Debit Assets Debit Liabilities Credit Fund Balances or Equity Credit Figure 5B To increase or decrease an account balance, one of the following entries must be posted to the account: Accounts To Increase To Decrease Receipts or Revenues Credit Debit Expenses or Disbursements Debit Credit Assets Debit Credit Liabilities Credit Debit Fund Balances or Equity Credit Debit Figure 5C Accounting Bases Three generally accepted
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