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In accounting, you were introduced to the concept of debits and credits, which is foundational in accounting. It takes time and practice to become confident
In accounting, you were introduced to the concept of debits and credits, which is foundational in accounting. It takes time and practice to become confident on when to apply a debit or credit to a transaction. To assist with that, I gave you two mnemonics to consider: "DEAD CLIC" and "Drive on the Left, Crash on the Right". There are many tools to assist you to apply debits and credits correctly.
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Share the tool you will use to help distinguish between debit and credit accounts. This could be a mnemonic, a worksheet, or other tool. your response.
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