Basic Accounting

Simple Basic Accounting notes and references for accounting students.

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.

This Basic Accounting app contains some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows.

The Basic Accounting app covers 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

and more....

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