Posts Tagged accounting

Accounting Cycle

Accounting Cycle
Accounting cycle is a sequence of accounting procedures which are used to record, classify and summarize accounting information. The accounting cycle begins with the initial recording of business transactions and concludes with the preparation of formal financial statements summarizing the effect of these transactions upon the assets, liabilities and owner’s equity of the business. The term “cycle” indicates that these procedures must be repeated continuously to enable ... Full article

Accounting Basics 6-Expanded Accounting Equation

Accounting Basics 6-Expanded Accounting Equation
This accounting video tutorial gives detail overview of accounting equation. Full article

Accounting Basics 5- Stockholders Equity

Accounting Basics 5- Stockholders Equity
Thia accounting video tutorials elaborate the concept of stockholder equity or owner equity. Detail lecture on owner equity account in accounting and their usage in financial statement. Full article

Accounting Basics 1- Where did Accounting Come From?

Accounting Basics 1- Where did Accounting Come From?
Excellent video tutorials discussing history of account, watch this tutorial to get know about the orgins of accounting. Full article

Accounting

Accounting
It is the measurement,communicating and interpreting financial activity. Accounting is also widely referred as a "language of business". There are five type of accounts in accounting  are assets,liabilities,owner equity(Capital),expense and revenues. These accounts are the pillars of accounting all the debit and credit transaction are performed on these accounts. Full article
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