Feature Articles

Study Zone Institute

Making sense of debit and credit: Why assets and expenses increase on the left

A beginner-friendly guide to debits and credits. Understand why the left and right sides of a T account matter for your business assets, expenses, and capital.

Many people start their journey into business or accounting feeling completely lost. You might look at a bank statement and see that a “credit” means you have more money, but then you open an accounting textbook and it tells you that “debiting” your cash account is how you record an …

Read More »

Purchases and sales simplified: How to record goods, assets, stationery and rent received

Learn the core uses of Purchases and Sales accounts and know how to record the items that don't belong in them.

Are you confused by the words your accountant uses? Many small business owners and students find themselves staring at a pile of receipts without a clue where to put them. You might think that every time you buy something, it is just a “purchase”, and every time money comes in, …

Read More »