Title: Module 2 Introduction: (CU1 M2) Analyzing & Recording Business Transactions
Course: SkillsCom BA 211 15.0 > Section: Credit Unit 1 Module 2

This Module introduces the account and briefly describes specific asset, liability, and stockholders’ equity accounts. The concept of double-entry accounting and the rules of debit and credit for assets, liabilities, and stockholders’ equity are described. The T-account is illustrated. The accounting equation is tied to the rules of debit and credit. Normal balance of accounts is discussed.

Module Outcomes:

- Understand the interrelationship of accounting to other areas of business.
- Understand the overall framework of the accounting cycle.
- Have familiarity with generally accepted accounting principles.