How the books stay in balance
Why every transaction keeps the accounting equation true, entries that touch three accounts, and a business loan from start to finish.
See the first roomHow each transaction changes the accounting equation
Rooms in this module
How this works
Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.
Questions
How many rooms and questions are in How the books stay in balance?
4 rooms and 23 questions. Every question is marked at once.
How long does it take?
About 36 minutes in all. A room takes 8 to 10 minutes, so you can do one at a time.
Is it free?
No. These rooms need Premium. Each room shows the start of its first task before you pay.
What should I do first?
Choosing the right account. It is the module before this one in Bookkeeping foundations.