Use your research skills, google, and chapter 3 of your online textbook to answer the following question. What do the terms debit and credit mean in accounting? What is your opinion?

Analyzing and Recording Transactions

  1. Why do we have accounting rules? What is your opinion?
  2. Use your research skills, google, and chapter 3 of your online textbook to answer the following question. What do the terms debit and credit mean in accounting? What is your opinion?
  3. What is a journal in accounting? What is your opinion?
  4. What is a Ledger in accounting? What is your opinion?