Sunday, October 5, 2008

Third week: Accounting confusion

Date: 25th and 26th Sept, 2008

Gaahhhhh….
Now I know why accounting is so much cursed by all. I did not understand the difference between credit and debit. So going by the rule learned in previous week I skipped the chapter with the hope that I may not have to skip the subject.
The problem with the twice a week executive MBA is that around 35 hours are allotted for each of the subjects that translate to 20 %of subject in a day. In the end I now that I need to open my accounting book now. God help me please.

1 comment:

Anonymous said...

Hi Jeetendra ,

Check this link ,

http://www.futureaccountant.com/accounting-process/study-notes/accounting-principles-rules-of-debit-credit.php

Refer Rules and Principles (first link)

Second link is too exhaustive
http://en.wikipedia.org/wiki/Debits_and_credits

Please feel free to discuss if you have any questions regarding the same.

Regards,

Malini Mudaliar