Very new to accounting. Just a question relating to DEAD CLIC and why it seems counterintuitive to me(I'm obviously just not understanding it correctly).
So if expenses reduce the amount of capital a company has, why are they debited and not credited? If a debit means a positive transaction for a business, then surely an expense cannot be a debit? Similarly, how is income a credit if income increases capital, why is it not debited?
Really appreciate any help with this question.