VCE · Accounting · Double Entry Recordinglive from the app
DEAD CLIC Classification System
DEAD CLIC sorts every ledger account by the side that makes it bigger. The first letter of each word is the side: Debit increases Expenses, Assets and Drawings; Credit increases Liabilities, Income and Capital. Whichever side increases an account is also its normal balance, and to decrease the account you post to the opposite side. The trap is Drawings: it belongs to the owner, but because it works against Capital it grows on the debit side.
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the one idea
why this one carries the topic.
Every transaction hits two accounts and the two always balance. Everything else in accounting is that one rule applied consistently for a year.
A T-account whose debit or credit column lights up and fills with the amount for the chosen account element and movement, with the DEAD letters sitting over the debit column and the CLIC letters over the credit column.
what examiners catch — Students credit Drawings because it is equity-related, or credit an expense when recording it. Name the element first, read its side from DEAD CLIC, and remember a decrease goes to the opposite side of the normal balance.
what you leave with
five things, not forty.
DEAD accounts (Expenses, Assets, Drawings) increase on the debit side and carry a debit normal balance.
CLIC accounts (Liabilities, Income, Capital) increase on the credit side and carry a credit normal balance.
To decrease any account you post to the opposite side of its normal balance, so repaying a loan debits Loan and credits Bank.
Drawings is linked to owner's equity but it is a DEAD account: taking cash out debits Drawings because it reduces Capital.
Every entry has a debit and a credit of equal value, so once DEAD CLIC fixes the side for one account, the other account takes the opposite side.
what's underneath
nothing here is a standalone fact.
knowhere maps every concept to what it rests on and what rests on it — 3 underneath this one, 2 built on top. Each one says why, in a sentence, not as an arrow on a diagram.
this conceptdead clic classification systemA T-account whose debit or credit column lights up and fills with the amount for the chosen account element and movement, with the DEAD letters sitting over the debit column and the CLIC letters over the credit column.
sits under itthe accounting equationbecause DEAD and CLIC are the two sides of Assets = Liabilities + Owner's equity
sits under itthe dual aspect principlebecause Every entry needs an equal debit and credit before the side rules mean anything
sits under itequity components and movementbecause Drawings and Income only make sense as movements in Capital
built on itdebit and credit rulesbecause you debit what you can classify
Each one is its own knowscape in the app — built for how a particular student takes things in, not one explanation handed to everybody.
journal entries and ledger postingin the apprecording gstin the appthe accounting assumptionsin the appthe accounting equationin the appthe dual aspect principlein the appdebit and credit rulesin the appdebits and creditsin the app
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