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Accrual Method There are two main methods of accounting (or bookkeeping): Accrual method Cash method The accrual method of accounting is the preferred method because it provides: a more complete reporting of the company’s assets, liabilities, and stockholders’ equity at the end of an accounting period, and a more realistic reporting […]
The term bookkeeping means different things to different people: Some people think that bookkeeping is the same as accounting. They assume that keeping a company’s books and preparing its financial statements and tax reports are all part of bookkeeping. Accountants do not share their view. Others see bookkeeping as limited to recording transactions in […]
Do you want to learn accounting, bookkeeping, business analysis, finance, financial analysis. You want to learn how to create and prepare balance sheet, income statement, cash flow, do financial analysis, business analysis, and economics?Then you are it the right page. I am Mark Joseph Digamon I will teach […]
Bookkeeping in a business firm is the basis of the firm’s accounting system. Bookkeepers are responsible for recording and classifying the accounting transactions of the business firm and techniques involving recording those transactions. If you are a small business owner, you either have to set up your own […]