I understand that an expense is debited and causes a decrease in equity. What I don’t know is if Expense is on the left (which is the debit side or the right which is the credit side). I’ve read it is a debit account if that is the case shouldn’t it be on the left side? If not why?

I understand that an expense is debited and causes a decrease in equity. What I don’t know is if Expense is on the left (which is the debit side or the right which is the credit side). I’ve read it is a debit account if that is the case shouldn’t it be on the left side? If not why?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 2DQ: Explain why the term debit doesnt always mean increase and why the term credit doesnt always mean...

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