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Accounting with Iwelabi Do you know? Understanding this simple trick will help improve your double-entry technical know-how. Asset: To increase its value, Debit; to reduce it, Credit. Liability: To increase its value, Credit; to reduce it, Debit. Income: To increase its value, Credit; to reduce it, Debit. Expense: To increase its value, Debit; to reduce it, Credit. Equity: To increase its value, Credit; to reduce it, Debit. Summarily, assets and expenses are to be treated the same for increases and decreases in value, whereas liability, income, and equity are treated the same. I hope this is helpful. Cheers, #Iwelabi.