Accounting 101
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Fundamentals of accounting is the procedure of data entry, recording, summarising, analyzing & then reporting business financial transactions
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We’ve demystified the balance sheet by outlining key terms and performance indicators in one infographic.
FUNDAMENTALS OF ACCOUNTING ⚖ WHAT: Accounting is the procedure of data entry and recording, summarizing, analyzing, and reporting the financial data. FIVE… | 10 comments on LinkedIn
Accounting ratios (financial ratios) are calculated within a firms financial statement to see how profitable it is, and whether it can pay off its debts.
Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business
Chart of Accounts
Debit And Credit Cheat Sheet | Chapter 9.2® - Double Entry Accounting - Accounting Debits & Credits
There are three basic types of financial statements viz. balance sheet, income statement, and cash flow statement. Some consider the statement of stockholders equity also. In the true sense, explanatory footnotes should also be called as financial statements. Let's understand each form of financial statement in brief.
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