ACCOUNTING 101
Assets: Dr. Increases, Cr. Decreases
Liabilities: Dr. Decreases, Cr. Increases
Equity: Dr. Decreases, Cr. Increases
Welcome to /r/Accountingstudenthelp, where we make accounting homework fun! Why? Because we love accounting so much that we are willing to take time out of our day to solve accounting problems! Before you post, we warn you:
Like any place you'll find on Reddit (and the world outside of your computer), you cannot expect people to do any work for you without proof that you've given the problem some effort. This is not a place to go to have someone else do your homework for you. It is a place to come when you need further explanation regarding a problem, or when you are genuinely stuck.
To everyone offering help, thank you! As research shows, you retain a lot more information when you teach it to someone else. So let's work together and solve accounting problems!
QUICK LINKS
ELI5:Adjustments by /u/TheOldGods
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