Rules of Debit and Credit

In the previous lecture, we learned  about how different transactions affect the accounting equation. We will now go more in depth into these transactions and learn about how they affect different accounts, and how to apply the rules of debit and credit in different situations.

You will learn about:

• Types of accounts
• Analyzing transactions
• T-accounts
• Debits and credits
• Debit/Credit Rules and T-accounts