Mmastodon BusinessPersonal Finance first seen 21 h ago, last 1 h ago, peak #2

Accounting rule left out of school sparks debate

Original: Your teacher never mentioned: Left side always equals right side. If it doesn't — something dishonest has happened. This

A personal finance post is drawing attention to the basic accounting principle that debits must equal credits, arguing that when the left side of a balance sheet does not match the right, something dishonest has occurred. The author claims this rule is taught in every business degree but never mentioned in 12 years of schooling, with the post referencing an amount of RM144, suggesting a Malaysian context.

Why now: People are discussing financial literacy gaps in school education and using a core accounting principle to comment on financial dishonesty.

6CircleSocietyaccountingpersonal finance

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Evidence

• Your teacher never mentioned: Left side always equals right side. If it doesn't — something dishonest has happened. This is the oldest rule in accounting. Taught in every business degree. Never once mentioned in 12 years of school. RM144… · 6CircleSociety · 2

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