Basic Accounting

A lot of information about Accounting Basics.

The Accounting Equation

The Balance Sheet

Double Entry Bookkeeping

Profit and Loss account

Reporting Period & Conversion Period

Accounting & Financial Formula

Formula of Operating cycle

Formula of Liquidity

Formula of Profitability

Formula of Activity

Formula of Financial leverage

Formula of Shareholder ratios

Formula of Return ratios

Accounting & Financial Terms and Abbreviation

Financial Statements

Balance Sheet

Income Statement

Cash Flow Statement

Stockholders’ Equity

Financial Ratios

Accounting Principles

Bookkeeping, Debits and Credits

Accounting Equation

Adjusting Entries

Bank Reconciliation

Petty Cash

Accounts Receivable and Bad Debts Expense

Inventory and Cost of Goods Sold

Depreciation

Accounts Payable

Cost Behavior and Break-even Point

Payroll Accounting

Standard Costing

Accounting Pronouncements

Organizations