Helping you tackle DEAL and CLIP
One of the fundamental accounting concepts taught in Financial Accounting is the dual aspect, which gives rise to ‘debits and credits’. If you've not previously studied accounting, this infographic will help you navigate the first progress test.
It’ll also come in handy as a recap between blocks before returning to financial accounting. Use it in conjunction with our Books of Prime Entry infographic.
Subject Controller Alistair Millar said: “This infographic will help students to focus on their journal entries and running balances which are absolutely crucial for their understanding of financial accounting. Without debits and credits, there is no financial accounting.”