A cheat sheet for debits and credits helps simplify accounting because it organizes the information in an orderly manner and is straightforward. Users can know in a short time whether the side (debit or credit) that is going to affect their accounts, such as assets, liabilities or expenses are, instead of memorizing the complicated rules. To take an example the assets and expenses increase with debits and revenues and liabilities increase with the credits. This simplifies the process of recording transactions as it reduces confusion during the process of journal entries as well as it saves time when on short cut by the new learners and vice versa.