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Financial Accounting-Debits & Credits-Accounting Transaction

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Financial Accounting-Debits & Credits-Accounting Transaction

Financial Accounting-Debits & Credits-Accounting Transaction, Accounting Essentials - Accounting terms & recording transactions using the accounting equation, debits, & credits.

Created by Robert (Bob) Steele

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What Will I Learn?

  • Define account
  • List accounting objectives
  • List and describe financial statements
  • Explain the relationship between financial statements
  • Describe the double entry accounting system
  • Name and explain the accounting equation
  • Record financial transactions using the accounting equation
  • Record financial transactions using debits and credits
  • Post general journal entries to the general ledger
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