Sunday, March 20, 2016

Week 10 Reading Reflection

This chapter was something of a refresher for the accounting courses I took last year. Just as it was then, debits and credits stood out to me.

This chapter confuses me slightly when it comes to debits and credits in accounting. I get the concept, but it feels counter-intuitive. With that in mind, I would ask the author 1) what is an easy way to remember a rule of thumb for the basic debits and credits system, and 2) what does the author feel is the reason the system feels counter-intuitive to myself and some of the peers I've spoken to about it?

I do not feel the author was actually wrong about anything in the chapter.

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