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Staff can learn more about debits and credits in Kuali Financial Systems (KFS). 

Debits and Credits Quick Reference

TYPE OF OBJECT CODE

I NEED TO….

DEBIT OR CREDIT?

TO OR FROM?

Asset (1xxx)

Increase an Asset

Debit

To


Decrease an Asset

Credit

From





Liability (2xxx)

Increase a Liability

Credit

To


Decrease a Liability

Debit

From





Revenue (4xxx)

Increase revenue

Credit

To


Decrease revenue

Debit

From





Expense (5xxx-9xxx)

Increase an Expense

Debit

To


Decrease an Expense

Credit

From

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