All about Accounting

Once upon a time, Luca Pacioli wrote a math book. It was just a little survey and should have been treated like ordinary books of the time a...

Accounts, debits and credits ACCOUNTING SYSTEMS: The previous chapter showed how transactions caused financial statement amounts to change....

The Usefulness of a Conceptual Framework 1. To develop a coherent set of standards and rules 2. To solve new and emerging practical problems...

Learn which accounting method is better for your business. The cash method and the accrual method ( sometimes called cash basis and accrual ...

The resources controlled by a business are referred to as its assets. For a new business, those assets originate from two possible sources: ...