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You have completed Financial Statement Basics!
You have completed Financial Statement Basics!
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A brief overview of accounting principles.
Links to further reading on double-entry bookkeeping and accounting
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Accounting, also referred to as
bookkeeping, today is by and
0:00
large based on a process known
as double entry bookkeeping.
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This means that for
every journal entry, or
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recording of a transaction
into the books or accounts,
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that there has to be two entries, one in a
debit account and one in a credit account.
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We're not going to go into detail on that
aspect of accounting in this course,
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but I have included some resources
below in the teacher's notes,
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if you'd like to explore this more.
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