Topic: Accounts, Debits and Credits 1. Analyze in detail: Introduction to the study of financial statements and their main classifications of accounts: assets, debits, equity, income and expenses, as well as a review of the accounting cicle for this task. 

Instructions: 

2. Prepare a description, compare, and contrast of accounts, debits, and credits and how they are used to record business transactions.

*Important

Please contribute a minimum of 300 words. It must include at least 2 academic sources, formats and must be cited in accordance with current APA regulations.