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Our Explanation of Accounting Basics uses a simple story to introduce important accounting concepts and terminology. It illustrates how transactions will be included in a company's financial statements.

Watch our Bookkeeping Video Training Our bookkeeping videos will help you deepen your understanding of debits and credits, general ledger accounts, double-entry bookkeeping, adjusting …

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Watch our Bookkeeping Video Training Our bookkeeping videos will help you deepen your understanding of debits and credits, general ledger accounts, double-entry bookkeeping, adjusting …

In this context, principles of accounting refers to the broad underlying concepts which guide accountants when preparing financial statements. Principles of accounting can also mean generally accepted …

Read our In-Depth Explanation Free Our Explanation of Income Statement helps you learn the most important features of a corporation's income statement (also known as the statement of operations or …

The explanation systematically builds understanding from basic financial statements (income statement, balance sheet, statement of cash flows) through the double-entry accounting system, chart of …