Chap 02 Lecture -- Debits and Credits
Автор: oruaccounting
Загружено: 2011-08-31
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Описание:
This lecture explains the "normal balances" of the accounts relating them to
I. The Accounting Equation, and
II. The Owner's Equity Account
Students are encouraged to learn to classify accounting 5 ways (A,L,C,R,E), 2 ways (BS and IS), and 2 ways (real and nominal). Two transactions are journalized and posted to t-accounts.
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