What is an account?

This video defines what an account really is. An account is an accounting record of increases and decreases in a specific asset, liability, or equity item. In its simplest form, an account consists of three parts: (1) a title, (2) a left or debit side, and (3) a right or credit side. The meaning of debit and credit balance in accounting is also explained. As you will see, normal balance is a critical concept in double-entry accounting system.


Popular posts from this blog

Download PSAK terbaru | PDF | exposure draft

Contoh jurnal dan laporan keuangan perusahaan jasa

Contoh jurnal penjualan dan pertukaran aktiva tetap

Pengertian dan contoh jurnal utang wesel (wesel bayar)

Pengertian dan contoh jurnal transaksi penerbitan saham perseroan terbatas

Akuntansi piutang usaha | piutang dagang

Contoh jurnal dan cara menghitung PPh pasal 23

Siklus akuntansi: tahap-tahap proses akuntansi

Pos moneter: definisi menurut PSAK 10

Neraca: laporan posisi keuangan