Basic Accounts

You will learn the basic accounting include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will also become familiar with accounting debits and credits.

What is Drawing in Accounting?

What is Drawing in Accounting? – for Beginners

What is Drawing in Accounting? A drawing is an acounting record maintained to track money withdrawn from a business by its owners. For Example: An Owner withdraw the money from business for their house rent. For What is Capital in Accounting? Click here or for What is an Income? Click here.

What is Expense in Accounting?

What is Expense in Accounting? – For Beginners

What is Expense in Accounting? Expenses are the costs incurred to earn revenue. or A cost relating to the operations of an accounting period. For Example: Office rent, Employes Salaries, Machinery repair etc. For What are Liabilities in Accounting? Click Here or for What is Income? Click here

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