Section outline


  • Learning Objectives 

    • Describe how accounts, debits, and credits are used to record business transactions.
    • Indicate how a journal is used in the recording process.
    • Explain how a ledger and posting help in the recording process.
    • Prepare a trial balance

    Lesson Contents:

    1. The Account DEBIT AND CREDIT PROCEDURES Double-entry system
    2. Summary of Debit/Credit Rules
    3. Normal Account Balances
    4. Steps in the Recording Process
    5.  Explain how a ledger and posting help in the recording process.

    Learning Outcomes:

    1. Students able to know the basic rules of debit and credit from each accounts
    2. Students can journalize the transactions
    3. Students can posting the accounts relation with debit- credit rules
    4. Students can create trial balance for verifying the accounts
    5. Finally they can opt to create different financial statement