Book Description

Accounting is something that all of us have to do from time to time. So, whether it is for your private business or for personal and family finances, you can't run too far from accounting principles and practices. Well, the good news is that with this book, Accounting Principles - The Ultimate Tips and Tricks for Accounting Principles, it is sure to dispel all your fears and apprehension about the topic. The book employs a block-building procedure in teaching you accounting principles - step-by-step and line-by-line. In addition to providing intuitive texts, some chapters contain memory snippets, test questions, and exercises designed to reinforce what you have learned in the chapter. In the course of studying this book, you will learn: The definition of accounting and what it is about The history of accounting and how it differs from book-keeping Learn about uses and users of accounting information The accounting equation and its components Definition of accounting terms and types of accounts: assets, liabilities, capital, revenues, expenses, and so on How to record and post accounting transactions How to close off and balance off accounts How to prepare a balance sheet Hoe to draw up a trial balance and avoid trial balance errors How to prepare a profit and loss account Accounting concepts and principles Accounting original books of entry: what they are for and how to use them Computerized accounting and accounting systems Some advanced accounting concept Anyone can learn to follow these basic accounting tips and tricks to help jump start your business, understand your personal finances, plan for college, etc. Now it's the time to take control of your financial independence by learning the principles of accounting.