Accounting Equation
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
Adjusting Journal Entries – Examples

Table of Contents Adjusting journal entries are the fifth step in the accounting cycle and also an essential part of

unadjusted trial balance
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 transaction in the journal
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.

posting to general ledger
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 Accounting
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

Accounting standards are principles and guidelines that provide a framework for financial reporting. They are designed to ensure that financial

Bookkeepping and accounting practices
Bookkeeping and accounting practices

Bookkeeping and accounting practices are crucial to navigating businesses. If you are not accurately aware of where your business money comes from and