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Teeter-Totter Accounting: Your Visual Guide to Understanding Debits and Credits!
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About this ebook
Teeter Totter Accounting focuses primarily on journal entries that can be viewed graphically in the form of a Teeter Totter. This should help users obtain a mental picture of the process. This mental picture is believed to be the key to unlocking the mystery behind the double entry accounting system. The book assumes the reader has a working knowledge of basic accounting including the accounting equation Assets = Liability + Owner’s Equity.
LanguageEnglish
PublisherDantes Joseph
Release dateFeb 19, 2019
ISBN9781300548751
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Book preview
Teeter-Totter Accounting - Dantes Joseph
Teeter Totter Accounting
Your visual guide to understanding Debits and Credits
First Edition
Copyright © 2012 Dantes Joseph
All rights reserved.
ISBN 978-1-300-54875-1
USA
Introduction
U
nderstanding debits and credits has always been a major problem for many who are new to the accounting profession. After teaching accounting and QuickBooks for many years, I have come to understand the major need of my students when it comes to this topic. Therefore I was moved to put together this book with the hope of meeting the needs of those who face difficulties in this area. The teeter-totter or Seesaw approach to understand debits and credits has received positive feedback and students do admit that this method helps them to understand accounting journal entries much better.
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