Bookkeeping

Information Processing

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Debit vs credit are terms used in double entry bookkeeping. They refer to entries made in accounts to reflect the financial transactions of a business. The terms are often abbreviated to Dr (Debit) and CR (Credit). #bookkeeping #accounting

Five Bookkeeping Tips for Business Owners

Debit and Credit (scheduled via http://www.tailwindapp.com?utm_source=pinterest&utm_medium=twpin)

When an accountant records a sale or expense entry using double-entry accounting, he or she sees the interconnections between the income statement and balance sheet. A sale increases an asset or decreases a liability, and an expense decreases an asset or increases a liability. Therefore, one side of every sales and expense entry is in …

I did this in the notes app on my phone to help me understand what is going on when doing T-Accounts. I hope you find it useful

When you set out to start a business as an entrepreneur you need to be in control of your finances and be able to track the performance of the business. The only way to achieve this is to have good understanding of basic bookkeeping and accounting information. #bookkeeping #accounting

Accounting Equation Cheat Sheet explains the formula behind assets, liabilities and equity which keeps the books balanced in double entry bookkeeping.

There are five main types of accounts in accounting, namely assets, liabilities, equity, revenue, and expenses. Their role is to define how your company's money is spent or received... #priching formula #how to price a product #cost price formula #financial accounting basics #basics of financial accounting #accounting basics #what is financial accounting #basic accounting tutorial #basic accounting terms and formulas #debit vs credit #general journal #trial balance

Some accounting notes....

Key Financial Ratios

This 4-page guide will guarantee results for anyone looking to broaden their knowledge in Accounting. Learn accounting basics including: concepts, principles, financial statements, the accounting cycle, transactions and much more! Browse and download thousands of educational eBooks, worksheets, tea