Frank Wood and Alan Sangster, Frank Wood's Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 2.2 Learning objectives After you have studied this chapter, you should be able to: Explain what is meant by 'double entry' Explain how the double entry system follows the rules of the accounting equation Explain why each transaction is recorded into individual accounts Describe the layout of a 'T-account'
{}