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Replying to @April Mills debits and credits are the fundamental building blocks of accounting and one of the most important topics we cover in intro accounting. The key here is that most people initially think that debits and credits mean something they don’t. All that debit means is “left” and credit means “right”. How they affect specific accounts depends on the account TYPE (asset, liability, equity, revenue, expense). Once you are able to classify accounts by their types I think it should he
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Want to know how to study for accounting? You need to know everything about debits and credits. And you need to know everything about recording expenses and revenue in the right period. But how do you practice? That’s the secret hack I share in this video #accounting #accountingstudent #accountingmajor #financialaccounting #accountinglife
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