Episode number 2 of Series “Principles of accounting”.
This program focuses on the basic “rules” of accounting - Debits/ Credits and the basic “tools” of accounting - Journals/Ledgers. It is explained and demonstrated by using the basic accounting equation “assets = liabilities + owner’s equity” how to determine which accounts are involved and then to analyse and record transactions using the Debit/ Credit (or double entry) rule. Journals and Ledgers are the tools for recording transactions, with Journals showing a chronological listing and Ledgers maintaining a running total of transactions in each account. Using the rules and tools of accounting it is shown how to finally produce a Balance Sheet.
Pennsylvania State University
Advertising, Film, Journalism, Mass Media & TV → Television
Agriculture, Business, Commerce & Industry → Accounting
Agriculture, Business, Commerce & Industry → Financial statements
Economics, Philosophy, Politics, Religion & Sociology → Accounting
Educational & Instructional
Educational & Instructional → Instructional
Mathematics, Science & Technology → Accounting
VHS; Access Print (Section 1)