Contents What is a General Ledger? Key Components of a General Ledger Categories of General Ledger Accounts How Does a General Ledger Work? Importance of a General Ledger What is a General...
Accounting Articles
General Journal
Contents What is a General Journal? Structure of a Standard Journal Entry General Journal vs Special Journal Types of Journal Entries General Journal vs General Ledger What is a General...
Owners Equity
Contents What is Owners Equity? Key Components of Owners Equity How to Calculate Owners Equity Statement of Owners Equity Strategies to Increase an Entity's Owners Equity What is Owners...
Chart of Accounts
Contents What is a Chart of Accounts? How Does a Chart of Accounts Work? What Are the Different Types of Accounts Found in a Chart of Accounts? How is a Chart of Accounts Organised? What Are the...
Trial Balance
Contents What is a Trial Balance? What is Included in a Trial Balance? How to Prepare a Trial Balance? Why is a Trial Balance Important? Challenges of a Trial Balance What is a Trial Balance? A...
Double Entry Accounting
Contents What is Double Entry Accounting? How Does Double Entry Accounting Work? Key Steps To Set Up a Double Entry Accounting System The Purpose of Double Entry Accounting System Advantages of...
Accounting Equation
Contents What is the Accounting Equation? What is the Purpose of the Accounting Equation? Balancing the Accounting Equation Accounting Equation example The Expanded Accounting Equation Practical...
Net Income
Contents What is Net Income? Why Net Income is Important How to Calculate Net Income Net Income versus Profit Margin Net Income versus Earnings Per Share (EPS) Net Income and Taxation Net...
Gross Income
Contents What is Gross Income? Calculation of Gross Income Gross Income vs Net Income Why Gross Income is Important What is Gross Income? Gross income is the total amount of money an entity...