General objective of this lecture is to presentation on the Recording Process. This lecture briefly explain on Debits and Credits. In every Debits and Credits, each and every transaction must impact a couple of balances to help keep the basic data processing equation in harmony. Recording completed by simply debiting a minimum of one account and also crediting a different. Here also discuss on Assets and Liabilities, Owners’ Equity, Revenue and Expense, Expansion of the Basic Equation, Steps in the Recording Process, Journalizing, the Ledger, Standard Form of Account, the Recording Process Illustrated and the Trial Balance.