1. Accounting Introduction
Accounting is the method of documenting, gathering, and analysing financial transactions in order to produce...
14. Materiality Concept
Accounting professionals are required to record and disclose information that is relevant to the financial...
2. Journal Entries
Journal entries are the first step in the accounting cycle and are used to record...
3. Ledger Accounts
A ledger account is a record of financial transactions that relate to a specific asset,...
7. Adjusting Entries
Adjusting entries are entries made in the accounting records at the end of an accounting...
8. Closing Entries
Closing entries, also known as closing the books, are journal entries made at the end...
9. Post-Closing Trial Balance
A post-closing trial balance is a report that lists the balances of all permanent accounts...
13. Accounting Errors
Accounting errors are mistakes or unintentional omissions made in the recording, classifying, or summarizing of...