ACCT 2050 at University of Minnesota--Twin Cities

2. Debits and Credits

in Topic 3 (Video 2 of 7)
Playback Rate: {{ playbackRates[currentRate].display }}
Debits and Credits are the words of accounting. You must understand debits and credits if you want to be able to pass this class.

The Rest Of The Videos

1 T-Accounts 3:15
2 Debits and Credits
You are here. 		6:49
3 Determining Normal Balances For Assets & Liabilities 10:04
4 Determining Normal Balance for Shareholder's Equity 11:53
5 Normal Balance Shortcut: Double Entry 11:51
6 Normal Balance Shortcut: DEAD Mnemonic 2:36
7 The Journal, Ledger, Trial Balance 14:00
Topic 4 →

Topic 3 Practice Problems

Click Here to View All Topic 3 Problems at Once View
1 Account Classification Easy
2 Journal Entry - Inventory Easy
3 Journal Entry - Sales Easy
4 Land Purchased With Cash Easy
5 T/F: Liabilities and Equity Easy
6 T/F: T-Account Logic Easy
7 Normal Balances Moderate
8 The Effect of Journal Entries Moderate
9 What Should Be Journaled Moderate
← Topic 2

Did I miss anything in Topic 3?

What Did I Miss?