An alternative system that underlies most manual and electronic accounting systems uses [...]
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debits and credits.
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APPENDIX 23: A DEBIT/CREDIT ACCOUNTING SYSTEM
The main section of this reading presented a basic accounting system represented as a spreadsheet. An alternative system that underlies most manual and electronic accounting systems uses debits and credits. Both a spreadsheet and a debit/credit system are based on the basic accounting equation:
Assets = Liabilities + Owners’ equity
Early generations of accountants
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
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