PPT-Directions : For each of the transactions below, record both the “Debit” and “Credit”

each country You must also decide if the transaction belongs in the Current Account or a Capital Account When all of your transactions are completed make sure the sum of the Current Account and Capital . Please be advised that any group reservation for 8 persons or more will incur a surcharge of 1000 per person when dining at Sokyo This does not apply to private events and functions SASHIMI Bonito Kunsei Myoga 21 Hay smoked ume charred white aspar Principles of Accounting I. Objectives. By the end of the lesson, I will be able to:. define accounting terms related to analyzing transactions into debit and credit parts.. identify accounting practices related to analyzing transactions into debit and credit parts.. ACT 201 Lecture. By: . Ms. Adina Malik. The Account . Record of increases and decreases in a specific asset, liability & owner’s . equity item.. The format resembles the letter ‘T’, hence referred to as the T Account. Using T-Accounts. Accounting Equation. Assets. = Liabilities + Owner’s Equity. Left Side. Right Side. T Account. Left Side. Right Side. Debit Side. Credit Side. Accounts. Account - record summarizing all the information pertaining to a single item. E3-3. Recording the Transactions. A customer orders and receives 10 personal computers from Dell; the customer promises to pay $18,400 within three months. Answer from Dell’s standpoint. What about cost info?. Introduction to plastic money. Evolution of plastic cards. Plastic money . – A new and easier way of paying for goods and services. Provides convenient usage alongwith incentives. An alternative to hire-purchase or loan on consumer goods. LESSON TWO: PERSONAL SPENDING. INTRODUCTION. DEBIT CARD. : used like cash. Linked to a checking or savings account. Paying NOW for merchandise. PAYPAL: . online payment service that can be linked to savings, checking or credit card account. Advantages and Disadvantages. What is credit?. What is the difference between debit and credit cards?. What are advantages and disadvantages of credit cards?. VOCAB TO KNOW!. Credit. : . goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future date. A) Merchandise bought on account. B) All cash payments. C) Sale of merchandise on account. D) All cash received. A. For what are special amount columns in a journal used?. A) Frequently . occuring. transactions. Assets, Liabilities, and Owner’s . Equity. CHAPTER 4. What You’ll Learn. Prepare a chart of accounts. Explain the purpose of double-entry accounting. Identify the normal balance of accounts. Use T accounts to illustrate the rules of debit and credit for asset, liability, and owner’s equity accounts to express the accounting equation. Fundamental Accounting. www.thailandaccount.com & www.ac13.tk. 2. Account Title. Ac. No.. . __. Date. Explanations. PR. Debit. Date. Explanations. PR. Credit. Account Name. . Debit . (Dr.). Fundamental Accounting. www.thailandaccount.com & www.ac13.tk. 2. Account Title. Ac. No.. . __. Date. Explanations. PR. Debit. Date. Explanations. PR. Credit. Account Name. . Debit . (Dr.). ACCOUNT AGREEMENT EFFECTIVE NOVEMBER 1, 2020 This is a multi-page document that contains the Disclosures listed below. It is important that you read and understand these Disclosures; otherwise noti ServiceCostAccount you have at Gulf Credit Union13 fee per transferOverdraft Protection Line of Credit1 2Subject to interestPrivilege Pay30 Overdraft Fee per item Call us at 409 9631191 email us at me