Descriptor
| Accounting | 1 |
| Bookkeeping | 1 |
| Business Skills | 1 |
| Recordkeeping | 1 |
| Secondary School Curriculum | 1 |
| Teaching Methods | 1 |
Source
| Balance Sheet | 1 |
Author
| Mamos, Thomas | 1 |
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Mamos, Thomas – Balance Sheet, 1973
One of the most difficult concepts for beginning accounting students is an understanding of debits and credits. A rule has been formulated which covers most other rules: Beginning balances and increases appear on the same side of the account as the account appears in the fundamental equation (assets = liabilities + capital). (SC)
Descriptors: Accounting, Bookkeeping, Business Skills, Recordkeeping
