ACCOUNTING 101
Introduction to Debits, Credits and the QT method
Today we will be going over how businesses record each transaction (like a sale, getting a loan or buying an asset).
This will introduce us to the concept of debits and credits. The goal is to understand how debits and credits keep the accounting equation balanced!
Step 3: Knowledge Check - DO THIS
Debits and credits are messy until they aren't. This is something you MUSTTTTTTT practice.
Start by drawing out your QT chart like we did in the lesson (yes, again..knowing this is everything) and then try these questions.
