Debits And Credits Chart. Accounts feith anne general merchandise statement of financial position accounts. To discuss an example of debits and credits, let’s say you want to add some new furniture to your office.
The debits and credits chart below acts as a quick reference to show you the effects of debits and credits on an account. Debit credit debit credit debit credit debit credit debit credit 123,974.00 c. Debits (dr.) and credits (cr.) are used to ensure inflows and outflows of transactions (assets/liabilities) are always balanced.