accounting please help me?

samapp

It says in my book for credit transactions with expenses and gains to

Expenses
Debit to record an increase in the value of an expense. (If the debit side is money coming in then why would I debit an increase in the expense)

Credit to record a reduction in the value of an expense. (If the credit side is money going out then why would I credit a reduction. Isn't a reduction on expenses a good thing and should I not debit it?)

Gains
Debit to record a reduction in the value of a gain. ( If i was receiving rent then why would I debit a reduction in the rent I receive)

Credit to record an increase in the value of a gain. ( Why would I credit an increase in what I am gaining?)

Please could someone explain my questions that are in the brackets.................. I'm totally lost!

Bongomc

Right, there are 5 types of accounts. Asset, Liability, Expense, Income and Capital.

Asset : In an Asset account the balance brought down will always be on the debit side. So when there is an increase in asset it will be added into the previous figure by writing under the first figure. When there is a decrease asset it will be put in the credit side.

Liability : In this account the balance brought down will be put on the credit side. So increase in liabilities will be credited and decrease in it will be debited.

Expense : Expenses result into decrease in capital consequently it is a decrease in liability, thus increase in expenses and losses will be debited and decreases in expenses will be credited.

Income : Income and profits result into increase in capital which is liability, and increase in liability is credited thus increase in income will be credited and decrease in income will be debited.

Capital : As capital is a liability of the business the rule for liability will be applied for it.