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How to decode worded transactions using ALICE accounts: A beginner’s guide to debits and credits

This beginner-friendly guide helps you decode worded accounting scenarios using ALICE: Assets, liabilities, income, capital, expenses.

Understanding how to decode worded transactions is one of the most difficult hurdles for basic accounting students. Many learners struggle with translating everyday business language into clear, structured journal entries and ledger postings. This article breaks down that process, helping students confidently navigate this foundational stage in accounting. Let’s explore …

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