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ACC 290 Week 1 DQ 2 What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts.

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Presentation on theme: "ACC 290 Week 1 DQ 2 What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts."— Presentation transcript:

1 ACC 290 Week 1 DQ 2 What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? Check this A+ tutorial guideline at http://www.assignmentcloud.com/ACC- 290/ACC-290-Week-1-DQ-2 For more classes visit http://www.assignmentcloud.com

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