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Ch 2: Accounts, Debits & Credits

About This Chapter

Use these lessons to help your employees learn more about how to classify accounts and how debits and credits figure into accounting procedures. Our brief lessons and quizzes can aid in your organization's corporate training program.

Accounts, Debits & Credits - Chapter Summary

This chapter's lessons look at the meaning of the word 'account' and at ways accounts can be classified. The meaning of debit and credit are also examined. Topics covered in this series of lessons and quizzes include:

  • Classifications of accounts and what they mean
  • Differences in permanent and temporary accounts
  • What debits and credits signify in accounting

These lessons are short, only about five to ten minutes in length. Your employees can watch them as individuals or in a group. The lessons are available anytime, on a computer, tablet or smartphone. Each lesson is accompanied by a short quiz, and there is an exam at the end of every chapter. At the end of the course, a final exam lets you assess their learning.

How It Helps

  • Prevents misunderstandings: Employees who watch these lessons have the same basic knowledge of accounts, debits and credits and understand their importance.
  • Provides knowledge: Use these lessons to help employees recognize when to classify account as temporary or permanent.
  • Educates employees: Non-accounting employees can learn how accounting documents are used and the importance of keeping accurate records to track debits and credits.

Skills Covered

When these lessons are finished, your employees should be prepared to:

  • Explain what accounts are
  • Describe how accounts can be classified
  • Define permanent and temporary accounts
  • Know the difference between debits and credits

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the Accounting Tutorials for Beginners course

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