Accounting-Debits & Credits-Practice Test Questions-Bookkeep
Accounting Essentials - Accounting terms Bookkeeping & recording transactions using the accounting equation
What you will learn
List accounting objectives
List and describe financial statements
Explain the relationship between financial statements
Describe the double entry accounting system
Name and explain the accounting equation
Record financial transactions using the accounting equation
Record financial transactions using debits and credits
Post general journal entries to the general ledger
This course will provide only practice questions, so learners can practice test taking. Our course entitled “Financial Accounting – Debit & Credits-Accounting Transactions” will also include practice problems, presentations, and discussion questions.
Accounting core concepts will be covered, foundational accounting skills needed for all levels of accounting including the accounting terms, the double entry accounting system, and recording transactions using both the accounting equation and debits and credits. These accounting skill are fundamental bookkeeping skills.
These are the accounting fundamentals which most accounting courses spend far too little time on. The better we understand these accounting foundation topics, the better we will do in all accounting concepts.
Like practicing catch or going over those musical scales, practicing the accounting fundamentals is time well spent for beginners as well as experienced accountants. We are never too smart to practice the accounting fundamentals. This course will thoroughly cover the fundamentals and will provide a foundation for learning concepts that limit the likelihood of learning rules that do not always apply.