Start with the rule that keeps books balanced in double-entry accounting each entry touches at least two accounts so totals align You will learn how the shorthand dr and cr map to the left and right sides of an account Debits generally increase assets like cash while credits raise liabilities revenue or equity That simple split helps you track money for your budget or a small business without guesswork Why this matters to you accurate records give a clear snapshot of where you stand today T-accounts and journal entries make the process visual so posting is less error-prone As you move between personal accounts and company books the same rules apply Good accounting habits prevent out-of-balance totals and create reliable reports you can use to plan and decide with confidence https youtu be LJtgU bALng feature shared Key Takeaways Every entry affects at least two accounts under double-entry accounting Debits tend to increase assets like cash credits often increase liabilities or equity Use T-accounts and journals to see how postings keep totals balanced Accurate records help both your budget and small business decisions Accounting software follows the same proven rules while reducing manual errors Why Debits and Credits Matter for Your Money Today Good recordkeeping ties every transaction to at least two accounts so your totals stay correct You want confidence when recording transactions and reading statements Learning basic accounting rules helps you spot errors and trust the numbers that guide your choices Build practical skills fast You'll learn how... Login to read full