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