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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

Previous Lesson

Accounting Skills - Case Study

Maintaining Accounting Records

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Accounting Skills for Managers

9 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

Topics

Financial Analysis