Overview of Accounting Debit / DEAL - Dividends, Expenses, Asset, Loss Credit / GIRLS – Gain, Income, Revenue, Liability, Stockholder (Equity) Real Accounts – BS Assets (Tangible and Intangible), Liabilities Equity Debit – What’s come in Credit – What goes out 2. Personal Accounts BS(Individual, Partnership, Firm accounts) Debit – The receiver Credit – The giver 3. Nominal Accounts – P&L (Sales, Purchase, Utility, Dividends) Debit – All Expenses and Loss Credit – All Income and Gains
Overview of Accounting
Overview of Accounting
Overview of Accounting
Overview of Accounting BS to PL
Overview of Accounting BS to PL
Overview of Accounting Double entry Accounts
Overview of Accounting Double entry Accounts
Overview of Accounting Double entry Accounts
Overview of Accounting Double entry Accounts Asset Switch