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Yeah, kind of a bad way to begin a primer on financial statements... with a novice mistake. My accounting professor used the acronym DEAD: Debits increase Expen
by jkhdigital 6y ago
Yeah, kind of a bad way to begin a primer on financial statements... with a novice mistake. My accounting professor used the acronym DEAD: Debits increase Expenses, Assets, and Dividends.
- andrepd 6y agoI use Gnucash that automatically translates accounting terms to more user-friendly ones depending on the account type (e.g. becomes Deposit/Withdrawal for current accounts, Expense/Rebate for expenses accounts, etc).