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Understanding Debits and Credits


Adult Programs / Professional Development -
Adult Online Professional & Personal Development Spring/Summer 2024

Learn about the accounting equation and the five categories involved in every business (Assets, Liabilities, Owner’s Equity, Revenue and Expenses). Discover how to create a chart of accounts for your business. Learn how double entry bookkeeping works and the process of recording debits and credits. Identify, analyze and record transactions using journal entries under the cash basis accounting method.

This course can be taken alone or as part of the 3 course Bookkeeping Certificate. 

Class Details

Unit 1: The Accounting Equation and Categories
  • The Accounting Equation
  • The Five Accounting Categories
  • The Chart of Accounts
  • Account Placement
  • Activity ~ Categorizing Accounts
  • Cash Basis Accounting vs. Accrual Basis Accounting
Unit 2: Debits and Credits
  • T-Accounts
  • Debits and Credits
  • Double Entry Bookkeeping
  • Analyze Financial Activities (Transactions)
Unit 3: Assets, Liabilities, and Owner’s Equity
  • Recording Transactions for Assets
  • Recording Transactions for Liabilities
  • Recording Transactions for Owner’s Equity
Unit 4: Revenue and Expenses
  • Recording Transactions for Revenue
  • Recording Transactions for Expenses
  • Activity ~ Recording Transactions

Sharon DeFonteny

LERN Instructor

Sharon deFonteny has a degree in Business Education with a concentration in Accounting and spent many years in Corporate America working in Accounting and Finance. For the past 5 years, she has created and taught online Business courses for Bucks County Community College. Her experience in business, as well as experience in teaching, has allowed her to help people understand the Accounting and Finance process.

 June 2024 
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SLCERT12A2

  Learning Resources Network, Inc , Sharon DeFonteny


Virtual Class
Sun-Sat, Jun 2 - Jun 28
12:01 AM - 11:59 PM

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Price: $ 195 00