The accounting equation, debits and credits, T-accounts, journal entries, and the trial balance — the mechanics every accounting course starts with.
The accounting equation, Assets = Liabilities + Equity, explained plainly: what each part means, why it always balances, and a worked five-transaction example.
How to prepare a bank reconciliation: adjust the bank balance for deposits in transit and outstanding checks, the books for fees and NSF checks, until both agree.
Debits and credits are directions, not plus and minus: debit means left, credit means right. Learn the rule from the accounting equation with a six-entry worked example.
T accounts are T-shaped views of a single ledger account: debits on the left, credits on the right. See the normal balance rules and post a full worked example.
Journal entries examples for eight common transactions — owner investment, sales, wages, a loan, a drawing — each one balanced, explained, and posted to the ledger.
How to prepare a trial balance, prove total debits equal total credits, and track down the exact error when the columns disagree — with a full worked example.