Accounting Terms

Best Accounting Glossary for students to learn new terminology of accounting. You will able to learn all essential accounting terms from this app. You will able to search terms in this app.

Accounting is the measurement, processing and communication of financial information about economic entities such as businesses and corporations. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarising, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. From this app, you will able to learn Accounting terms for Free. It is for Students, small businesses, and bookkeepers. It will also help to prepare for job interviews.

Here is the main concept of accounting:

# Basic Accounting Concepts (this lesson)

# Define Accounting

# Basic Accounting Equation

# What Are Assets?

# Define Liability

# What is Owners Equity?

# The Accounting Equation and Financial Position

# Basic Accounting Test

If you understand the basic accounting concepts then accounting will be easier for you. You will able to get good score in exam. From this app, you will know the fundamentals of the subject. The basic stuff of Business Accounting. Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts. Learn Accounting Basics in simple and easy steps using this app.

Get to know most important concept of accounting like:

# Assets

# Liabilities

# The Owners Equity

# Bookkeepers

# Accountants

# Journal

# Liability

# Liquid Asset

# Net Income

# Non-operating Income

.. and many more. Learn these terms before your accounting classes start and you will definitely be a step ahead of everyone else in your classes.