Knowing how debits and credits affect each type of account is critical to understanding how different transactions affect your chart of accounts, especially with journal entries.
The table below can be a good reference to determine how a debit or credit affects each type of account in Church360°.
| Account Type | Increases | Decreases |
| Asset | Debit | Credit |
| Liability | Credit | Debit |
| Equity (and Equity-backed Funds) | Credit | Debit |
| Income | Credit | Debit |
| Expense | Debit | Credit |