How would I learn where to place each debit and credit?
submitted by Star

>THM<

I would check out the Interactive Financial Statement. It's a fantastic way to see how each action is recorded. Try plugging in some sample transactions and it will show you what to debit and what to credit. For example, I just plugged in "Buy Office Supplies" for $100. Not only did it tell me to debit office supplies for $100 and credit cash for $100, it updated the financial statement totals as well. Take a look. It'll help you out.

Alternatively, there is a great video demonstration of this principle over at Accounting 101. It helped me to understand it pretty well, as it runs through multiple examples.