Chart of Accounts Explained | Accounting Basics for Beginners #accountantsdesk #accountingtips
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Chart of Accounts Explained | Accounting Basics for Beginners #accountantsdesk #accountingtips
Here’s a quick guide to understand what goes into a Chart of Accounts – the foundation of every accounting system. On this one-page chart, you’ll see how accounts are grouped under: Assets Liabilities Income Expenses Equity Perfect for beginners, students, and small business owners trying to understand how financial records are organized ...
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Accounting Made Simple – Part 1 of 10 We’re kicking off a 10-part series covering 50 key accounting transactions with clear effects on the Income Statement, Balance Sheet, and Journal Entries. In Part 1, we break down these 5 essential transactions: 1. Interest Paid 2. Interest Received 3. Loan Taken 4. Loan Repaid 5. Owner’s Capital Introduced These examples are perfect for students, revision, and interview prep. Parts 2 to 10 coming soon with the remaining 45 transactions—stay tuned! at Accoun
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