Remove Account Receivables Remove Cost Accounting Remove Financial Accounting Remove Financial Statements
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What is accountancy?

Accounting Tools

The general ledger consists of a number of accounts , each of which stores information about a particular type of transaction, such as product sales , depreciation expense , accounts receivable , debt , and so on.

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What is an accountant?

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements. Management reports are issued to the management team.

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Basics of accounting

Accounting Tools

This means setting up accounts in which financial information is stored. Accounts fall into the following classifications: Assets. Examples are accounts receivable and inventory. Examples are accounts payable and loans payable. These statements are noted below. Liabilities.