Chapter 2 Analyzing and Recording Transactions Chapter 2-1 Study Objectives 1. Explain what an account is and how it helps in the recording process. 2. Define debits and…

Account Name Debit / Dr. Credit / Cr. 3-* Debits and Credits LO 2 Explain double-entry rules. $10,000 Transaction #2 $3,000 $15,000 8,000 Balance Transaction #1 Transaction…

Account Name Debit / Dr. Credit / Cr. Chapter 2-* Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in…

Account Name Debit / Dr. Credit / Cr. 3-* Debits and Credits LO 2 Explain double-entry rules. $10,000 Transaction #2 $3,000 $15,000 8,000 Balance Transaction #1 Transaction…

Account Name Debit / Dr. Credit / Cr. Slide 2-* If Credits are greater than Debits, the account will have a credit balance. $4,000 Transaction #1 $6,000 Balance Transaction…

Account Name Debit / Dr. Credit / Cr. Chapter 2-* Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in…

Unit-2 Accounting System Unit-2 Accounting System Prepared by Dr. Siraj Ahmad College of Business Administration, Al-Kharj AL-Kharj University Kingdom of Saudi Arabia Explain…

Account Name Debit / Dr. Credit / Cr. Chapter 2-* Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in…

Unit-2 Accounting System UNIT-2 (SET B) Acct - 103 College of Business Administration, Al-Kharj Salman Bin Abdulaziz University KINGDOM OF SAUDI ARABIA 1 Accounting System:…

Account Name Debit / Dr. Credit / Cr. Chapter 2-* Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in…