What is It About Accounting That Makes It So Hard for Some to Understand?
The majority of people I know say it's easy and it's a great career, yet some people just don't get it. Why is that? Is it the formulas? Asset thingy? Ihave no clue, I want to get into accounting. They say it's basic math (adding and subtracting), so I really want to know how they don't get it!
Suggestion:
The main thing that people who experience difficulty with accounting have is trouble understanding the whole concept of debit and credit accounts.
Debit accounts (like asset and expense accounts), have a normal debit balance – to increase them, you debit them, to decrease them, you credit them.
Credit accounts (like liability and equity accounts), have a normal credit balance – to increase them, you credit them, to decrease them, you debit them.
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I've never seen anyone just take up accounting and get the debit and credit concept down immediately. It takes practice doing homework problems and a close, careful eye when studying those concepts for the first time. Once you have that down pat, you're good to go 'moving forward' (which, by the way, is one of my least favorite phrases), but I guess I just used it.
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