Cash Basis of Accounting- a quick guide
Cash basis accounting is fundamental to the accounting process which recorded the total revenue when cash is received. Cash accounting
Accounting Equation -formula, examples, and explanation
The accounting equation is the most important part of the accounting process. The dual accounting technique is used in
Post-closing trial balance-examples, and importance
The post-closing trial balance is the ninth (and last) step of the accounting cycle. It can be prepared before the new
Closing Journal Entries
Closing journal entries are an essential component of the accounting cycle in which balances from temporary accounts are transferred to
An Adjusted trial balance
An adjusted trial balance is the sixth step of the accounting cycle in which ending balances are listed in all
Adjusting Journal Entries – Examples
Table of Contents Adjusting journal entries are the fifth step in the accounting cycle and also an essential part of
How to Prepare Unadjusted Trial Balance
The unadjusted trial balance is the fourth crucial step of the accounting cycle. An unadjusted trial balance is prepared after
Recording Transactions In The General Journal
Recording transactions in the general journal is an essential step of the accounting cycle. it comes after analysing the transaction.
General Ledger: Posting Process & Rules
Posting to the general ledger is the most crucial accounting cycle phase. This process comes after the journal entries, in
Identification and Analysis of Transactions in Accounti...
Identification and analysis of transactions in accounting is an essential part of the accounting process. Whenever a business starts to
Accounting Standards
Accounting standards are principles and guidelines that provide a framework for financial reporting. They are designed to ensure that financial
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