Debit and Credit Video Project.docx - BAF3M0 Debit/Credit...

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BAF3M0 Debit/Credit VIDEO Purpose: To become comfortable using debit and credit theory. The goal is to be creative and demonstrate your understanding of debit/credit theory. Assignment: You have been invited to the “Battle of the Videos” competition held by the Chartered Professional Accountants of Ontario. You are to create a brief video explaining Debit and Credit theory in a fun and creative way. In order to compete, you must form a production company. A company that produces a product. Your Must: Come up with a production company name Create a 2 - 5 minute video or skit that your production company will show/perform at the Battle of the Videos competition. Please do not go over 5 minutes. The video or skit should explain how transactions are recorded using debits and credits, and should include a discussion of assets, liabilities and owner’s equity accounts. Include the expanded ledger accounts under owner’s equity (capital, drawings, revenue, and expenses). You may use a cellular phone or a video camera to create your video. You may also use Movie

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