**TI82** TxtView file generated by CalcText - KouriÜ ÍCHAPx2ÍËÿcpta chap 21) Accounting equation Assets= liabilities + equity ( share capital ordinary + retained earnings (revenue-expenses-dividends) 2) rule of debits and credits Assets= debit increase credit decrease liability= debit decrease et credit increase equity= debit decrease et credit increase revenue= debit decrease et credit increase expenses= debit increase et credit decrease dividends= debit increase et credit decrease 3) Normal balance -Assets acounts: show debit balances -Liability show credit balances -Share cap ord shows credit balance -revenue shows credit balances -expenses shows debit balances -dividends shows debit balances -retained earnings shows credit balancesÿ´þ