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General Accounting Discussions: How to remember and use the accounting principles

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      CommentAuthorandymiz
    • CommentTimeJan 31st 2007
     
    My question is how to remember and use the accounting principles, it seems that some principles are really hard to understand. Is there any rules or skills to master the basic accounintg principles? Thank you.
    Thankful People: kwadaber, abril, roqiey80, prince, kajol
    • CommentAuthorkwadaber
    • CommentTimeFeb 7th 2007
     
    which principles are hard to understand? Always remember that "total debit = total credit" and a debit can have many credits or vice versa.
    • CommentAuthorabril
    • CommentTimeFeb 8th 2007
     
    what i hate about accounting is that the bloody bank recon always squeezes my brain! can somebody tell me how to answer two date and three date bank recon effectively and fast... why does it has to be included in problems anyway? one date bank recon is a piece of cake to me, i cannot understand two date and three date. SOMEBODY HELP ME!!!
    • CommentAuthorCounter
    • CommentTimeFeb 12th 2007
     
    Why not arrange the data so that it becomes two one-date bank recs?
    Thankful People: prince
    • CommentAuthorlouiys
    • CommentTimeJun 21st 2007
     
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