All About The Benjamins
Cash and anything that can be turned into cash.
What is an asset
What is the chart to help you know when to debit and when to credit
What is AWE and CLR
When the customer owes the business
What is Accounts Receivable
When Cash Decreases
What is credit
The accounts you debit when they increase
Asset, Withdrawal, and Expesnses
When the business owes vendors
What is Accounts Payable
Equipment
What is an asset
The accounts you credit when they increase
What is Capital, Liabilities, and Revenue
When the business owes the customer a service
What is Unearned Service Revenue
Cash Normal Ending Balance
What is debit
Debit normal ending balance accounts
Asset, withdrawals, Expense
Debit must always equal credit
What is one of the 4 rules
When cash increase
What is Debit
Credit normal ending balance accounts
Capital, Liabilities, Revenue
When doing a journal entry the debit must do what
What is must go first