Debits & Credits
Institute of Technology Academic Tutor
http://www.it-colleges.com
 
Welcome! The purpose of this site is to help you get a grip on the most basic, but also perhaps the most difficult concepts in accounting. We'll start with a story, followed by some practice with important accounting terminology, and then review the procedure for analyzing transactions into debit and credit parts. The first thing to remember is this: Forget everything you ever thought you knew and understood about debits and credits. This probably comes from your experience with banking and credit cards, and is NOT CORRECT. The story will explain... Once you really grasp what you are about to be presented with, the whole field of accounting will begin to open for you and your understanding will grow and develop with time and practice. Let me start by telling you a story...click this link. View debitcreditstory.ppt Once you return, you can play some games that will help you remember general accounting terms, and also the correct procedure for analyzing a transaction into debit and credit parts. You will also find some helpful sites listed toward the bottom of the page. Please take the time to respond to my survey questions there. Finally, when you feel confident, use the Quiz session Log In at the bottom right of this page to test yourself. Type debits & credits into the quiz identification box. After the quiz, you will be given your results, which you may print out. Feel free to email me, or ask any questions directly when you see me. Have FUN!
My Quia activities and quizzes
Accounting Terminology for Analyzing Transactions
https://www.quia.com/jg/368695.html
"Memory" type game matching accounting terms with definitions
Analyze This!
https://www.quia.com/rd/14496.html
List the order for analyzing a transaction
Survey
https://www.quia.com/sv/11849.html
Accounting Principles, Chapter 3
https://www.quia.com/quiz/297049.html
Accounting Principles, Chapter 3: session debits & credits
https://www.quia.com/quiz/560074.html
Useful links
Last updated  2010/05/13 17:26:40 PDTHits  2056