What is accounting, accounting equation?

Debit Expense, and Credit Assets -- Doesn't this imbalance the accounting equation?

• So I'm confused with a certain type of journal entry. Utility Expense is being Debited Cash is being Credited So since the expense is increasing due to debit, and the Cash is decreasing due to credit, wouldn't that journal entry be faulty since that imbalances the accounting equation? Assets = Liabilities + Owner's Equity. Cash is an asset (left side of equation) and Expense falls under Owner's Equity (right side of equation) So wouldn't increasing expenses and decreasing cash make each side of the accounting equation move in oppostite directions, therefore imbalacing the accounting equation?? I don't see how debiting expenses and crediting cash can keep the accounting equation in balance since they are on opposite sides yet moving in opposite directions. I thought this only works if both move in the same direction. Please help I'm so confused about this specific journal entry!

• Answer:

  Debit utility expense $500 ____Credit cash _____$500 Total debits $500 Total Credits $500 Expense is NOT an equity account. The accounts run: Assets______ - Debit to increase, credit to decrease Liabilities_____- Credit to increase, debit to decrease Capital (equity) Credit to increase, debit to decrease Income ______ -Credit to increase, debit to decrease Expense _____- Debit to increase, credit to decrease