This post will serve as a collection of students' break-throughs to understanding specific concepts of accounting (or even another business concept). The idea is that we all (hopefully) will encounter certain things that "MAKE IT CLICK" and it sure would be great if we helped someone else get it. We are all teachers! If someone else told you or showed you something that made a concept click, let us know who taught you, what you now understand, and how they did it.
This is part of a project grade and you are required to comment at least once per marking period.
Example
I followed one of Jacob's links on his comment to my Accounting Website post. The site rearranged the accounting equation as Assets - Liabilities = Owner's Equity. This makes a lot of sense to me when I think about the wealth of the business owners being equal to the things that the business owns minus the money it owes to others. Thanks Jake!!
Remember: This Post and the Comments are only helpful if you all review the other comment and see if something "clicks" for you.
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21 comments:
While I was working on my workbook, i of course didn't understand how to do the charts, cause they were very difficult UNTIL i asked Bridget what i was supposed to do. She explained things to me very specifically. It has helped me to understand the difference between accounts payable and accounts recieveable. Accounts Recieveable has to do with buying things on account or credit while, accounts payable has to do with things that you agreed for a payment later. Thanks Bridget!
i think that i learn the most when i am watching the computer sreen
I learned which side debit and credit go on by remembering DC by Washington, DC. That the debit goes first on the left side and the credit goes second on the right side of a T-account.
Mr. turton alwayse states that two accounts are affected.. there could be more than two.. but make sure that the ending ballence equals on both sides.. no matter what
During accounting so far I have encountered many different types of problems. One of the problems i had was figuring out which side of the T-Account was the normal balance side. I figured out this problem by asking my amazing tutor Russ for help:) Russ helped me figure out the problem and solve it correctly without giving me the answer.
i usually dont do this but i will since u told me to. what helps me learn is when you teach us it for 20 minutes then have us work on it for the extra time
Hi Mr. Turton! In the workbook for chapter 4 i didn't understand the t charts too very well but you explained it good the day before the quiz and now i understand it way better. Thanks for helping out! Doing the workbooks and acutally using the book to help out is a big easy way for me to learn. It just sometimes takes a while but i eventually get it.
by writing out a paper that has the accounting equation on it and the different t accounts has allowed me to work faster and get the material better.
So, i learned how to fill out t chart acocunt. when we went through program it helped to make sense of T charts. i was able to learn and remember what side was credit and debit and what was the increase and decrease side.
courtney helped me understand the concept of t-charts. Revenue accounts follow the same idea as Liabilities, and also Owners Equity. Withdrawal Accounts and Expenses Accounts follow the same idea as Assests. thanks finne!!
heyy Mr. Turton....
I think that when you go through and explain the chapters and then we go and do the workbook; it makes more sense when we do it that way on the computer. and when we help each other with the workbooks, b/c they are hard... like me and dylan studied vocab.
Hello Mr. Turton.Jessica helped me with my T charts.I didnt understand it at first. I now understand the normal balance side and the positive and negative. She gave me examples and read it to me out of the book.
Hello Mr. Turton. I didn't understand the accounting equation at first. I then realized how assets, liabilities, and owner's equity are balanced. I think the synchroneyes lesson helped me best understand how the equation is balanced. I liked hearing it off the computer and answering the different questions together as a class.
The guy with the deep voice on the CD you use with Synchronize helped me to understand the revenue, expense, and withdrawals accounts because he explained them thoroughly and well.
typing out the rules for the rules and t accounts for the revenue, expense, and withdrawals accounts helped me understand the what goes on the credit and debit sides.
Jennifer Chojecki
For me, the best way of learning in this class is look in the book when I don't understand something. That is how I learned the double-antry accounting method and the "T"
account method.
i think i leanred the most when i took my workbook home and did it by myself. i was able to concentrate more and understand and grasp the concept. in school i get too distracted and dont pay attention to what i am doing. but at home i am able to do the work.
april
While I was working on my work book i did not fully understand the difference between the revenue, expense, and withdrawals account until Amanda explained it to me that revenue and withdrawals are like the asset accounts and the expense account is like the owner equity. Thanks Amanda
Hey Mr.T!!
So once upon a time when i was sitting next to Russ i did all the work by myself and then Russ checked my answers. The ones that i got wrong he explained how i got it wrong.
Thats when i got it!!
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hello mr t!!!!!
james helped me realize that in an accounting equation there must always be a debit and a credit.
THANKS JAMES!!!!
i feel that you get the workbook better when you know james might be grading yours.... no seriously... when you work with a group of 2 or three then compare answers in the end seems that you progress more and you learm more... jim helped me with one section, steph helped with another and then i help them.... it seems that you learn more this way.
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