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Focus On Basic-Accounting

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0% found this document useful (0 votes)
25 views

Focus On Basic-Accounting

Uploaded by

ha hakdog
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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

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