In the 14th century, plague ravaged Europe and Asia and was called the Black Death. Plague does not respond to penicillin, but other antibiotics are effective. Sanitary measures against fleas and rodents, quarantine and extreme caution in handling infectious materials help to suppress epidemics.
1. Expense recognition. Expenses are decreases in assets (e.g., rent expenses) or increases in liabilities (e.g., accrued utility expenses) that result from operating activities undertaken to generate revenue. Expenses are recognized in accordance with the matching principle. This principle mandates that the expense or cost of doing business is recorded in the same period as the revenue that has been generated as the result of incurring that expense or cost.
Assets are on the left and therefore are debits. Liabilities and Owner's Equity are on the right and therefore are credits. Whichever side they are on is the side you INCREASE on. i.e. if you want to increase an asset (like cash) then you debit cause it's on the debit side.If you charge something and want to increase liabilities, that's a credit cause it's on the credit side. Whenever you want to DECREASE a balance, just do the opposite.Revenues increase equity and are therefore credit accounts, like equity is.f you charge something and want to increase liabilities, that's a credit cause it's on the credit side. Whenever you want to DECREASE a balance, just do the opposite. Revenues increase equity and are therefore credit accounts, like equity is.