Unit 1- DB.docx - u201cWhen attempting to insert a square...

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“When attempting to insert a square peg into a round hole, the task is more easily achieved when the peg is smaller rather than larger.” Debit = credit Assets=Liabilities + Owners' Equity Debit: entry Debit-entry posted on the left hand side of a journal. Debit Credit Assets Liabilities Owners' Equity Increase asset by debit it and decrease it by credit (A) State the nature of each of these messages (e.g., offering advice, criticizing company, predicting future results, ridiculing other people who have posted messages).

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