BUSINESS HIGH SCHOOL-ACCOUNTING I

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Presentation transcript:

BUSINESS HIGH SCHOOL-ACCOUNTING I Double Entry Accounting Chapter 4 Chart of Accounts What is Double-Entry Accounting? T Accounts Content Vocabulary: Chart of Accounts Credit Debit Double-Entry Accounting Ledger Normal Balance Applying the Rules of Debit and Credit The Rules of Debit and Credit Business Transaction Analysis Accounting I Essential Learning Expectations-Chapter 4: Double-entry accounting is used to analyze and record transactions into debits and credits. A T account shows the dollar increase or decrease in an account that is caused by a transaction. There are three rules of debits and credits.