This course continues our exploration into the bookkeeping function. We introduce the concepts of single-entry and double-entry bookkeeping as well as the accounting equation. This allows us to delve into examining the concepts of how to utilize debits and credits within financial accounting including assets, liabilities, equity, revenue, and expense. It is imperative that a bookkeeper have a strong grasp on the utilization of debits and credits. “A debit is an accounting entry that either increases an asset or expense account or decreases a liability or equity account. It is positioned to the left in an accounting entry.” “A credit is an accounting entry that either increases a liability or equity account or decreases an asset or expense account.” This session utilizes multiple examples of how to apply debits and credits within various transactions and entries and provides the participant with a foundation of the concept of how to utilize the double-entry bookkeeping system. In addition, we examine a few of the many functions the bookkeeper can be involved with as part of their overall responsibilities. Field of Study: Accounting