Please study the following basic Accounting topics:
I.The Following Steps for Accounting Cycle
- Practical Accounting Documents
- General Journal
- General Ledger
- Trial Balance
- Adjusting Entry
- Adjusted Trial Balance
- Prepare Income Statement
- Prepare Statement of Change in Equity
- Prepare Balance Sheet
- Prepare Statement of Cash Flow
- Closing Entry
- Post (After) Closing Trial Balance
*** Learn Full Examples for Complete Accounting Cycles as Follows:
II.Other Basic Accounting
- Bank Reconciliation
- Accounts Payable
- Inventory and Cost of Goods Sold
- Fixed Asset and depreciation
- Current Asset
- Accrual and Prepayment
- Partnership Accounting
- Nonprofit Accounting
- Methods of Calculating the Cost of Inventory
- Income Statement Format- Merchandising, Manufacturing and Service Company
- How to Record Account Receivable (AR)
- Cost of Service ( COS)
- Cost of Inventory-Merchandise/Goods
- Cost of Inventory- Products / Finished Goods
- Cost of Fixed Asset
- Chart of Account for Merchandising or Import and Export Company
- All Depreciation Methods for Fixed Asset | Non-Current Asset
- Accrued Expense | Accrual
- Accounting for Returns, Discounts and Sales Tax
- Accounting for Account Receivable | Trade Receivable