1. Accounting Introduction
Accounting is the method of documenting, gathering, and analysing financial transactions in order to produce...
2. Business Transaction
A business transaction is a monetary acitivity that involves the exchange of goods, services, or...
3. Accounting Equation
The accounting equation is cornerstone for double-entry bookkeeping. It states that resources (also known as...
4. Expanded Accounting Equation
The fundamental accounting equation is extended to incorporate new components like owner’s capital, common shares,...
6. Net Identifiable Assets
Net identifiable assets in economics refer to the value of a company’s physical assets, such...
10. Consolidated Retained Earnings
Consolidated Retained Earnings is a financial statement item that represents the cumulative net income of...
11. Goodwill Impairment
Goodwill Impairment is a term used in accounting and finance to refer to a situation...
6. Unadjusted Trial Balance
An unadjusted trial balance is a financial statement that lists the balances of all the...
14. Accounting Worksheet
An accounting worksheet is a tool used in the accounting process to assist in the...