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This video discusses the concept of double entry bookkeeping. Debit Accounts: Assets, Expenses and Owner's drawings Credit Accounts: Liabilities, Revenues, Owner's Drawings. This video and the following one discuss the first step of the accounting cycle which is the This presentation is for accounting 221 accounting principles 1 Chapter 2 Intro to Financial Accounting Recording Transactions and Financial Statements From the free study guides and course manuals at www.my-accounting-tutor.com.
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