Accounting Notes: Learn Basics

Learn accounting step by step. Accounting Notes explains the basics clearly, shows every idea with worked examples and lets you test yourself before an exam.

Study Guide (start here)

• The accounting cycle, from source documents to closing entries

• Debit and credit rules, with the "DEAD CLIC" memory aid

• One worked example followed all the way through: journal entries, trial balance, income statement, statement of owner's equity and balance sheet

• Formula cheat sheet with worked results

• Practice questions with tap-to-reveal answers

• Exam tips and common mistakes

• Glossary of key terms with a quick filter

Accounting Basics

• The accounting equation, balance sheet, double entry bookkeeping, profit and loss, and reporting periods

Formulas and Ratios

• Operating cycle, liquidity, profitability, activity, financial leverage, shareholder and return ratios

Terms and Concepts

• Financial statements, accounting principles, adjusting entries, bank reconciliation, petty cash, receivables and bad debts, inventory and cost of goods sold, depreciation, payroll, cost behavior and break-even, standard costing and more

Made for studying

• Clear diagrams of key concepts

• Search every topic at once

• Previous and Next buttons to work through a section in order

• Clean design with dark mode

• All notes are built into the app, with no account needed

Useful for school, college and university accounting courses, and for anyone who wants to understand financial statements.