Assets 17
Debit Increases…………………………………………………………………………………………………………………………………..Credit Decreases
Liabilities
Debit decreases…………………………………………………………………………………………………………………………………..Credit Increases
Normal Balance
Stockholders Equity
Debit decreases…………………………………………………………………………………………………………………………………..Credit Increases
Normal Balance
Standard and Actual Variance due.
……………………………………………….Cost per Unit
Input………………………………………of input…………………….Quantity
Raw materials………………………Price……………………………Usage
Direct Labor…………………………Rate……………………………Efficiency
Variable Overhead………………Spending…………………..Efficiency
Account Name
Debit side
Normal balance for:————————————————————————-Normal Balance for
Assets:————————————————————————————————– Liabilities
Expenses———————————————————————————— Stockholders equity
Revenues
Debit Entries increase ——————————————————————- Credit Entries increase
Assets ————————————————————————————————– Liabilities
Expenses———————————————————————————— Stockholders equity
Revenues
Debit entries decreases—————————————————————-Credit entries decreases
liabilities ————————————————————————————————– Assets
stockholders equity ———————————————————————————– Expenses
revenues
Date Amount
DR. Account Name ……………………………………………..
Amount
(1) Dr Cash …………………………………………….. ………….
Cr. Paid In Capital
To record an investment in the first by the stockholders.
Transactions ————- recorded in —————– Journal ————– Posted to ————— Ledger
Supported by Dr. Account Name ………………………………………………………… X X …………….Account………
source documents Cr. Account Name ………………………………………………………. XX ………..Name………….
………………………………………………………………………………………………………………………………………………..Debit | Credit.