Debits and credits system: The accounting system increases and decreases account balances with a debit or credit (also known as double entry accounting)

  • The system helps users understand the significance of the transaction
  • Sum of debits always equal sum of all credits
  • Debits and credits combined form financial statements
  • Transactions are all accounted for
M_2F_Debits_and_credits_system

Write Off Apps

App for Entrepreneurs to Learn Tax Savings, Structure Right, & Grow Their Business with an Easy Game. A player chooses a character and plays each round against an opponent answering questions and learning on how to structure a business right, pay less tax, and more along the way. It is a fun and interactive way to learn all you need fast!

Free Cheat Sheet

Free Cheat Sheet

Subscribe for your free Cheat Sheet and to start your Know Your Numbers Journey

« Back to Glossary Index