Module 2 Lesson 1 Assignment 1
This storyboard does not have a description.
Okay, um where should I start
Tell me about debit and credit
In accounting debit usually increases the assets account and decreases the liability and owners equity accounts
While with credit it usually Decreases the Assets
With that, there is a credit balance which means they owe you money
Credit is an entry on the right side of an account, the other person gives money to you, which causes a decrease in liability
Debit is an entry on the left side of an account, which is the other persons cash balance which causes a decrease in an asset
Also a debit balance means you owe them money
Yeah, no problem
Wow with that I think i'm going to do great in my job interview tomorrow, thanks!
Explore Our Articles and Examples
Try Our Other Websites!
Photos for Class
– Search for School-Safe, Creative Commons Photos (It Even Cites for You!
– Easily Make and Share Great-Looking Rubrics
– Create Custom Nursery Art