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Posted: July 9th, 2024
xAcc290 week 1 dq 5
Question description
One of the Basic Principles of Accounting is that in a "Double Entry" system, Debits = Credits. In the balance sheet Assets are increased by debits and Liabilities are increased by credits. In the Income Statement (or P/L statement) Income is increased by a credit and Expenses are increased by debits. What is going to be your trick to remember this throughout the course? Creativity is encouraged..Financial_Accounting_6e_Ch01.pdfFinancial_Accounting_6e_Ch02.pdfFinancial_Accounting_6e_Ch03.pdf
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