Accounts

I saw your lectures but I want to ask about what the debits and credits mean to each of their accounts.

1. Asset Account
Debit = increase in assets
Credit = decrease in assets

For eg receivable account
Debit = increase in asset as receivable
Credit = decrease in asset as cash received

2. Liability Account
Debit = decrease in liability
Credit = increase in liability

For eg payable account
Debit = decrease in liability as cash payment
Credit = increase in liability as payable

3. Expense Account
Debit = increase in expense
Credit = decrease in expense

For eg rent account
Debit = increase in expense as rent
Credit = decrease in expense as prepayment

4. Revenue Account
Debit = decrease in revenue
Credit = increase in revenue

For eg sales income account
Debit = decrease in revenue as sales returns
Credit = increase in revenue as sales income

5. Capital Account
Debit = decrease in capital
Credit = increase in capital

For eg capital account
Debit = decrease in capital as drawings
Credit = increase in capital as equity

6. Drawings Account
Debit = increase in drawings
Credit = decrease in drawings

For eg drawings account
Debit = increase in drawings as opposite to capital
Credit = decrease in drawings

Is that all CORRECT?