Century 21 Accounting

National Geographic Learning - Cengage Learning

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2 Chapter Analyzing Transactions into Debit and Credit Parts LEARNING OBJECTIVES After studying Chapter 2, in addition to defining ng key terms, you will be able to: LO1 Show the relationship between the accounting equation and a T account. LO2 Identify the debit and credit side, the increase and decrease side, and the balance side of various accounts. LO3 Restate and apply the two rules that are associated with the increase side of an account. LO4 Restate and apply the four questions necessary to analyze transactions for starting a business into debit and credit parts. LO5 Analyze transactions for STEPHEN COBURN/SHUTTERSTOCK.COM ©DANIEL KOUREY, ISTOCK/©JIM PRUITT, ISTOCK operating a business into debit and credit parts. 30 Chapter 2 Analyzing Transactions into Debit and Credit Parts

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