Electronic Presentations in Microsoft® PowerPoint® Analyzing and Recording Transactions CHAPTER 3 © 2007 McGraw-Hill Ryerson Ltd. Learning Objectives 1. 2. 3. 4. Explain…

Slide 1 Transactions That Affect Revenue, Expenses, and Withdrawals What You’ll Learn  The rules of debit and credit for the revenue, expense, and withdrawals accounts.…

Slide 1 Transactions are recorded using debits and credits. Every transaction affects at least two accounts. Equal debits and credits will keep the accounting equation in…

Slide 1 Chapter 5 Transactions That Affect Revenue, Expenses, and Withdrawals Slide 2 Vocabulary OLDRevenueExpensesWithdrawalsNEW Temporary Capital Accounts Permanent Accounts…

Slide 1 Transactions That Affect Revenue, Expenses, and Withdrawals Making Accounting Relevant Businesses earn revenue by selling products or services. Think of a business…

Analyzing and Recording Transactions C H A P T E R 3 © 2007 McGraw-Hill Ryerson Ltd. Electronic Presentations in Microsoft® PowerPoint® Learning Objectives Explain…