Accounting




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Balance Sheet
A Balance Sheet is a summary of a business' assets, liabilities and owner's equity at the end of a financial period. The Balance Sheet is used to dete
Added: 2008-08-13
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Managerial Accounting
Managerial Accounting is a system used by the internal management of an organization to plan, evaluate and control by using financial information that
Added: 2009-02-13
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Statement of Cash Flow
This financial statement will show the inflow (sales,asset sales, investments) and outflow (payments to suppliers,investments) of cash over a specifi
Added: 2008-08-13
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Introduction to Accounting
Definition This is the recording, reporting and analysis of financial transactions of an organization. History of Accounting A great history of Accou
Added: 2008-08-13
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Accounting Ledgers
These are generally known as T accounts because of its shape that looks like the capital letter t. They consist of a heading which is the Account nam
Added: 2008-08-13
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Debtors Ledger
This is the account used to post all debtor transactions into. It also acts as a control account as it is used to show outstanding funds from debtors
Added: 2008-08-13
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Creditors Ledger
This is the account used to post all creditor transactions into. It acts as a control account as it shows outstanding payments to Creditors/Suppliers.
Added: 2008-08-13
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Inventory or Stock Ledger
This account is useful to stock retail companies as it will help in all round stock control. All stock transactions are posted into this account. The
Added: 2008-08-13
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Income Statement
This statement is used to show the profit or loss that a business has made over a specific time period. The revenue and expenses are used to compile t
Added: 2008-08-13
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General Ledger
The general ledger is a collection source for all the transactions of the business as this is where one will find all the transactions that have been
Added: 2008-08-13
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CPA exam questions
If you see your future in Accounting, you are going to need to first pass the CPA exam to become a Certified Public Accountant. Because Accounts deal
Added: 2009-10-29
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