Accounting Blogs

Understanding The Definition of Cash Accounting

Cash accounting is an accounting technique that records revenue when it’s received and expenditures when they’re paid rather than when

Cash Accounting versus Accrual Accounting

Cash accounting Cash accounting is a method of accounting (Also see What is the definition of an Accounting Equation?) in

What is the Definition of an Account?

Accounts are fundamentals of financial reporting. The chart of accounts is where bookkeeping starts, and the trial balance can only

Why Does Every Business Need an Accountant?

What is accounting? Accounting is the process of calculating, classifying, and recording financial transactions to provide useful information for business

What are Debits and Credits?

Debits and credits are essential terms used by bookkeepers and accountants when recording transactions. Each transaction amount must be recorded

What is the definition of an Accounting Equation?

The entire concept of double-entry accounting depends on the basic accounting equation, making it fundamental to all accounting (Also see