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Debit and Credit Explained – Free Accounting Study Guide
Learn the logic behind debit and credit, understand how common transactions affect accounts, and test yourself with 50 practical journal entry questions.
Learn Debit & Credit Without Memorising Journal Entries
Debit and credit become much easier when you understand which accounts are changing and whether they are increasing or decreasing.
This free Fincary Accounting Foundations resource explains the fundamentals using simple rules, diagrams and practical journal entry examples.
Inside the free PDF
✓ Debit and Credit fundamentals
✓ Assets, Liabilities, Capital, Income and Expenses
✓ Accounting Equation
✓ How to identify Debit and Credit
✓ Traditional account classification
✓ Worked journal entry examples
✓ Returns, discounts and settlements
✓ Assets vs expenses
✓ Year-end adjustments
✓ Special accounting situations
✓ 50 Journal Entry Practice Questions
✓ Complete Answer Key
Practice what you've learned
Use the downloadable resource alongside this lesson and review your answers as you work through the material.
Download 50-Question Practice Test →