Understanding the five basic accounting concepts will help you make sense of the financial world. These ideas help you record financial transactions, and they also
Whether you are a homeowner or a business owner, accounting tax and financial services can help you understand your finances. These professionals can handle a
The history of accounting and bookkeeping can be traced back as far as 4000 to 8000 B.C. The first standard accounting system dates back to
The study of accounting and finance combines the data gathered by the accounting function. Both fields focus on the growth of funds and how they
An accounting assistant is a junior employee of an organization. These workers are often referred to as junior clerks or ledger clerks. They perform accounting
The primary functions of accounting are to record and analyze past and current transactions, as well as to prepare financial statements and other business reports.
Accounting basics include the debits and credits rules. Debits increase an account balance and credits decrease it. This rule applies to both income and liabilities.