Rules of debit and credit
Acc week 3
Transactions are recorded using debits and credits. Every transaction affects at least two accounts. Equal debits and credits will keep the accounting.
1 2 Analyzing Transactions Principles of Financial Accounting, 11e Reeve Warren Duchac.
© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin.
Analyzing Transactions Chapter 2 1. Describe the characteristics of an account and a chart of accounts. Objective 1 2.
Unit 3 Analyzing Transactions Chapter 2 1. Describe the characteristics of an account and a chart of accounts. p50 Objective 1 2.
ACC 499 Unit 02 Seminar Presented by: Dr. Stanley W. Self Agenda – Opening questions. – Lecture/Review – Q & A 1.
1 2 Analyzing Transactions. 1-2 2-2 2 After studying this chapter, you should be able to: Describe the characteristics of an account and a chart of accounts.
