Lessons
- Introduction to Accounting Skills for Managers
- Key Accounting Concepts
- Accounting Business Transactions and the Accounting Equation
- Accounting Skills - Case Study
- Rules of Debit and Credit
- Maintaining Accounting Records
- Cheat Sheet - Accounting for Common Business Transactions
- Accounting Case Study - Journal Entries
- Accounting Case Study - General Ledger and Trial Balance
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
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