Debit and Credit Status

Study materials to learn the equation, debits & credits, journal entries, and accounting theory is included for free.  Each transaction in accounting software has a debit and credit side, but the user can be unaware of this as the transaction is made most often in a graphically friendly way, such as entering a check in a register and assigning it an account.  Because accounting software replaces the need for journal entries to record transactions as they happen, adjusting journal entries are commonplace to adjust the accounting record.  T-accounts help both students and professionals understand accounting adjustments, which are then made with journal entries.  Learn here with the fully unlocked version of Accounting Play - Debits & Credits.  Journal entries are the mechanism of how accounting transactions are entered.  Use Debit and Credit coins to learn, study, basic accounting and training.  This is visually represented in Accounting Game – Debits and Credits as a big green T.  Debits and credits form the foundation of the accounting system.  Whether you are studying for the CPA exam or taking your first accounting course, Accounting Play will help you learn in a fast and fun way.  Every accounting transaction involves at least one debit and one credit.  Actual debit and credit transactions will be recorded in the general ledger, which accumulates all of the transactions, by account.  The double entry system categorizes transactions using five account types: Assets, liabilities, equity, income, and expense.  To help visually represent debit and credit entries, a T-account may be used.  Accounting Play Paid teaches the accounting equation with an iPhone & iPad game.  The sum of debits and the sum of credits for each transaction and the total of all transactions are always equal.