Basic Accounting for Dummies

In this course, I will cover basic accounting principles and then apply them to examples. I will cover the following concepts: The accounting flow chart, source documents, the accounting equation (with its different elements), and the double-entry accounting system. We will apply these concepts by doing example questions for the double-entry accounting system (accounts debited and credited), effects of transactions on the accounting equation, the posting of transactions/balances from the Journals to the General Ledger T-accounts and end off matching transactions to source documents and Journals.