![]() ![]() “In double-entry accounting, the balance sheet is always kept in balance by making debits equal credits. For those of you that recoil at the site of my hand writing: Unfortunately, most people find reading to be enough work already. I have read that working with text that is difficult to read improves comprehension (because you have to work harder to read the text). The second item was a definition of debits and credits that I found in a book titled Accounting for M&A, Equity and Credit Analysts: ![]() However simple it may be, I found that referencing it frequently helped cement the concept of debits and credits. This sheet was tacked to my cublicle wall immediately to the right of my computer screens. The first was a single sheet of paper with a hand-drawn version of the accounting equation. But two items really helped as references. I had taken several courses in college, but that was the extent of my education prior to taking an analyst role. On account of my limited exposure, debits and credits did not come naturally to me at first. I did not have a formal accounting background when I started working in investment banking.
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