I’m originally from San Diego county, so the title of this story in the San Diego Union Tribune caught my eye: Accountant applied for 80 jobs, promotions and got zero. Was it racism? City of San Diego employee says in a lawsuit he wasn’t promoted because he is Black; says city has few Blacks in […]
Month: February 2022
Debits and credits: first thing you need to know
In the world of financial accounting, one bookkeeping transaction has two effects. We call these two effects “debits and credits.” This is the first thing all accounting students need to understand about them. Let us consider a few analogies to better understand this fundamental idea. Accounting term Debit Credit Analogy: coin Heads Tails Analogy: Newton’s […]