Transactions of the same nature and characteristics affecting a common element are grouped in accounts. An account is physically represented as a page with two sides, the left side for debits to the account, and the right side for credits. In computerized accounting system, the account is a record in the data base consisting also of fields that correspond to the debit and credit sides of an element of financial statements.

MAIN PRESENTATION

Click the button below for the main presentation. It will be opened in a separate window. Complete the presentation’s activities and requirements. Completion status is collected, which will be submitted to your organization if requested. After completing the presentation, click the Mark Complete button, above, which will then be active.

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DISCUSSION

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