Basic Rules of Accounting

Accounting Concepts

INCREASES= DR

DECREASES= CR

INCREASES= CR

DECREASES= DR

DEBIT CREDIT
ASSETS LIABILITIES
EXPENSES REVENUES
DRAWINGS CAPITAL
PURCHASES SALES
SALES RETURNS PURCHASE RETURNS
(SPEAD) (CSPRL- can sally please revise literature)

Advertisements
This entry was posted in Principles of Advanced Accounting and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s