Has anyone had an accounting class before?

If we did this is my initial time picking accounting though i have no thought what were starting to do in there so can we greatfully discuss it me your experience, was it easy or hard, what sorts of assignments we customarily do in Accounting classes, as well as fundamentally similar to all we know about accounting classes (in the 10th grade) Also could we yield a little tips
Thanks so much

Tagged as: Accounting, anyone, before, CLASS

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ALL July 5, 2010 at 5:47 am: If its the same as when I took it in High school, it shouldn’t be too bad. High school goes much slower than college.

The main thing is to grasp the basics of bookkeeping. Debits on the left, credits on the right. Assets, expenses increased with debits. Liabilities, income, owners equity increased with credits.

The basic accounting formula is Assets – liabilities = owners equity.

Debits must equal credits.

When I took it a generation ago, we went through basics of accounts receivable and accounts payable. These are opposite of each other.

You will likely reconcile a bank account.

Learn about “T” accounts, and don’t get too nervous. If you understand the above, you will have a decent start.

HAS ANYONE HAD AN ACCOUNTING CLASS BEFORE?

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