1. Recording Daily General Journal entries in a manual system
date
Accounting title debited
XXX
Accounting title credited
Recording events that impact the accounting equation in general journal form.
Entering the date, the account title, and the amount as input.
Determining the impact on the financial statements of a general journal entry.

2. Dual entry system of accounting
Accounts that increase with a debit:
Assets, expenses and dividends
Accounts that increase with a credit:
Liabilities, stockholder’s equity, revenues
Every transaction must have at least one debit and one credit
Each transaction must balance – the total of all debits in the journal entry must equal total of all credits (simple or compound entry)