Focus On Basic-Accounting
Focus On Basic-Accounting
INTRODUCTION
TO ACCOUNTING
DEBIT
• Increase in Assets
• Decrease in Liabilities
• Decrease in Owner’s Equity (- Capital)
• Owner’s Withdrawal
• Expenses
RULES OF DEBIT
AND CREDIT CREDIT
• Decrease in Assets
• Increase in Liabilities
• Increase in Owner’s Equity (+ Capital)
• Initial Investment
• Additional Investment
• Revenue/ Income
STATEMENT OF
CHANGES IN
OWNER’S
EQUITY/CAPITAL