Accounting terms

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

Accounting equation cheat sheet showing the simple balance sheet format for small business bookkeeping accounts.

Debit vs credit are terms used in double entry bookkeeping. They refer to entries made in accounts to reflect the financial transactions of a business. The terms are often abbreviated to Dr (Debit) and CR (Credit). #bookkeeping #accounting

Golden Rules of Accounting

How to study accounting effectively? Here's the study techniques tips for students studying Accountancy. This pin reveals the habits of top accountancy students. If you want to pass the boards, become a CPA, and conquer CPALE review, be sure to use these test taking tips. Student Guide Accounting 101 https://ko-fi.com/i/IO4O1IH4I2

Discover the different types of accounting

Accounting Terms You Need to Know

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 […]

General Journal is the first phase of accounting where all the transactions are recorded originally in chronological order.

Accounting and Finance are not the same. And neither are the Accounting and Finance Careers. Accounting and Finance are distinct functions And they each… | 22 comments on LinkedIn

The ACCA course is, in many ways, different from the CA programme. Where one is a globally recognised programme, the other is considered highly in India. Continue reading to find out. If you have chosen the path to practice finance, auditing and accounting as a professional then you are bound to come across the terms ACCA and CA. Where one has been globally recognised the other one is immensely popular in India. On their journey to becoming a […] The post ACCA vs CA- Which i

Accounting Equation Chart (Cheat Sheet)

For most of my career, I have kept a sticky note on my laptop with a reminder of how debits and credits work. I want to save you the trouble (and the side-eye glances) by sharing a debits and credits cheat sheet that will help you understand and remember the basics of this accounting concept.

There are three basic types of financial statements viz. balance sheet, income statement, and cash flow statement. Some consider the statement of stockholders equity also. In the true sense, explanatory footnotes should also be called as financial statements. Let's understand each form of financial statement in brief.