Practice journal entries with everyday business transactions. Read the transaction, think, then reveal the answer.
How to use it
- Press a button to get new ideas. Pick a category and, where offered, type your own topic.
- Think of the accounting equation: assets = liabilities + equity. Debits increase assets and expenses. Credits increase liabilities, equity and revenue.
Results are estimates for planning and learning, not accounting, tax or financial advice. Confirm important figures with a qualified professional.
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