09-18-2002, 12:51 PM
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#101
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Guest
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Quote:
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Originally posted by Azred:
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Magik, I am not an accountant, but I play one on TV. [img]graemlins/saywhat.gif[/img] [img]tongue.gif[/img] Seriously, I have studied it some and spent 1.5 years fixing other people's accounting problems. Also, Belle is only 1 year away from an accounting degree (if she would finish her schooling, like I keep telling her to do). What kinds of difficulties are you having? [img]graemlins/petard.gif[/img] [/QUOTE]
What I could use is a simple road map. That starts at the basic T account info, to the General Journal all the way out to the closed account form basicly a map that shows, make this form/chart, then this one, then the next in the order of precidence from the beginning of the accounting cycle to the end. Also a way to remember which accounts carry debit balances as normals and which accounts carry credit balances as a norm. I do know that in general on the asset side of the equation you have debit balances and on the liability and owner equity side you usually have credit balances, but there are exceptions to that rule and Im not clear on how to remember the exception.....gads I hate this stuff. [img]smile.gif[/img] was any of that intelligable?
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