Discussion
Prior to beginning work on this discussion, read Chapters 1 and 2 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. Use the Ashford Writing Center resource Citing Within Your Paper for guidelines on properly citing sources.
• What accounts are included in each of the six major groups of accounts?
• State the normal balance of each of the six major groups.
• What effect does a debit and a credit have on each major group?
• How might an imbalance in debits and credits impact a business?
The link is the book used for this class. cite the material used.
Text Book: Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren's accounting (12th ed.).
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.