Adjusting Entries and the Accounting Cycle
Adjusting entries are made at the end of a period to update accounts. An adjusting entry affects the income statement and balance sheet accounts.
Accounting for Merchandising Activities
A merchandising company sells merchandise inventory to customers. Accounting for companies that sell inventory is more complex than for service companies.
Debits and Credits Explained: An Illustrated Guide
Debits and credits in accounting are used to record every business transaction. This guide explains debit and credit rules using the acronym “DEALER.”
What are the Keyboard Symbols Names?
A computer has more keyboard symbols than just letters and numbers. Sometimes you need to know a slash, backslash, backtick, tilde, or caret.
The Ultimate Guide to Learn Financial Accounting
This guide helps you learn financial accounting basics. This is for students learning accounting and for anyone who wants to understand financial statements.
Recording Business Transactions
The first step in financial reporting is recording business transactions. The business transactions are first recorded as journal entries. The goal of financial accounting is to issue financial statements.
