Accounting basics

Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business

Fundamentals of Accounting Accounting is the procedure of data entry, recording, summarizing, analyzing, and then reporting the data related to financial tra

ACCT 3110

Balance sheets along with income statements are statements that are not only used to evaluate the health and financial position of a business but are the primary statements that lenders and investors will look at. In our previous article, we talked about creating an internal income statement to analyze our financial data. Here we will discuss the […]

Consider this article your one-stop-shop for all things accounting — read through the whole thing to pass our 101 class, or pick the section that answers your burning questions.

Top 10 Examples of Journal Entry An example of a journal entry includes the purchase of machinery by the country where the machinery account will be debited, and the cash account will be credited. The following journal entry examples in accounting provide an understanding of the most common journal entries used by business enterprises in their day-to-day financial transactions. It is the summary of debits and credits of financial transactions with a note of which accounts these financial…

We’ve demystified the balance sheet by outlining key terms and performance indicators in one infographic.