Lesson Four: T-Accounts: Analyzing Business Transactions & Debits and Credits

In our last lesson, we discussed how using the basic accounting equation can help us analyze transactions from a big picture perspective. T-accounts are another academic tool that let us hone in on specific accounts that are being affected by each business transaction.

We will also be expanding on the foundational debit and credit rules that we learned in our prior lesson (see Lesson Three in the side navigation).

Follow along with the lesson below to see how t-accounts can help us analyze business transactions and apply those debit and credit rules we learning in Lesson Three.

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Learn

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Test Your Understanding

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Congratulations!

You have completed this lesson. Please click the link below to continue to Lesson 5.