Tuesday, September 16, 2014

The Double Entry Accounting System

In class students reviewed how different transactions affect various accounts.  Afterwards, students were introduced to the Double Entry Accounting System with debits (left side) and credits (right side).  Finally, students learned about T Accounts which is an accounting tool that helps identify debits and credits for each account.

The notes are listed below.  The homework is to read pgs. 81-83 and 86-89 if you have not done so already.

Notes - The Double Entry Accounting System

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