DEAD and CLIC?

dpw

I know what each letter stands for and that it relates to Debits and Credits, but can anyone explain a little further.
Is it just a helpful reminder with regards to the extended trial balance (what column to put in the P&L and Balance sheet) or does it have further uses with regards to double entry?

sdv

A lot of students do not know their debits from credits. They often do not know which accounts should havd a debit balances and which accounts should have credit balances. DEAD CLICK helps students remember that


D -Debit balances
E -Expenses accounts
A -Assets accounts
D -Drawings account

C -Credit balances
L -Liabilities accounts
I -Income accounts
C -Capital accounts