Account Balances and Terminology
Debit and Credit rules
Discussion: the Double Entry System of Accounting
Additional Practice and Review:
Prepare your Accounting ID Card (Rules of Debit and Credit Page 93 on the back)
Read 88-90 and 92-101 Review Questions 1-7
Page 90 Review Questions 1-12 Exercises 1-4 Page 103
Calculating the Balance of an Account
- What is an Exceptional account balance?
- What is the Bank Account?
- Buying and selling on credit
Additional Practice and Review
Review Questions 1-10 (Page 110), Exercise 4 (Page 105)