What is an Income Statement
What is an Income Statement The income statement is one of three main financial statements used to disclose a company’s financial performance over a specific accounting period, along with the …
Accounting
learn the basics to advance accounting include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows, and more
What is Ledger in Accounting
What is Ledger in Accounting An accounting ledger is a type of account or document that is used to keep track of bookkeeping entries for balance-sheet and income-statement transactions. Cash, …
What is Account Payable
What is Account Payable What is Account Payable? Accounts payable (AP) is a general ledger account that reflects a company’s responsibility to repay a short-term loan to its creditors or …
Chart of Accounts
Chart of Accounts Chart of Accounts (COA) is a list of all the financial accounts in a company’s general ledger. In a summary, it is an organizational tool that offers …
What is a Journal Entry in Accounting
What is a Journal Entry in Accounting In accounting, a journal entry is a record of a business transaction in an organization’s accounting system. The first step in the accounting …