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