Lesson · Accounting foundations
Double entry: debits, credits and why every transaction has two sides
Apply debit and credit rules to assets, liabilities, equity, income and expenses.
11 minutes Standard as at 30 October 2026
What you will be able to do
- Apply debit and credit rules to assets, liabilities, equity, income and expenses
- Record Baobab's first week of March in debits and credits
This is a preview of a member lesson. The full lesson is in the Accounting foundations library, open to everyone who enrols.
Free · one email a week
IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.