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Elementary,High School,College,University,PHD
Teaching Since: | May 2017 |
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MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
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Financial_Accounting_6e_Ch01.pdf
Financial_Accounting_6e_Ch02.pdf
Financial_Accounting_6e_Ch03.pdf
One of the Basic Principles of Accounting is that in a "Double Entry" system, Debits = Credits. Â In the balance sheet Assets are increased by debits and Liabilities are increased by credits. Â In the Income Statement (or P/L statement) Income is increased by a credit and Expenses are increased by debits. Â What is going to be your trick to remember this throughout the course? Â Creativity is encouraged..
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