By Benecia Beyer
Learning how debits and credits work is the most critical part of accounting knowledge to grasp if you truly want to know the function of accounting. Why then, do so many people shy away from taking the fifteen minutes it takes to memorize the formula? Perhaps it “seems” complicated at first glance. Or, perhaps the value of being able to conceptualize the formula in the mind is not apparent.
Does your work require knowledge of accounting? If so, have you memorized the Accounting Model? If not, why?
Having worked in the field of accounting for over twenty-years, I have found that many people tend to shy away from memorizing the “Accounting Model”. The Accounting Model is the formula for how debits and credits work. You can click on this link to review the model and print it out if you like:
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