Basic Accounting

Description of Basic Accounting

Accounting is the process of recording and summarising financial information in a useful way. It is the process of systematically recording, measuring, and communicating information about financial transactions. In this app, you will able to learn Accounting Basics. Everything organised by chapter, so that you can find what you are looking for easily. If you are looking for a pocket reference about Accounting, Basic Accounting app is here for you.
This app mainly developed for Business students. It will help student taking preparation for exam. This App contain three main sections:
> Accounting Basics informations.
> Accounting & Financial Formula.
> Accounting & Financial Terms and Abbreviation.
Accounting Basics information section contain all basic information about Accounting, Balance Sheet, Bookkeeping, Profit & Loss etc.
Accounting & Financial Formula section contain various important formula.
Accounting & Financial Terms and Abbreviation section contain many abbreviation. And its really important and helpful section.
Topics included in this app:
The Accounting Equation: Accounting equation represents the relationship between the assets, liabilities, and owner's equity of a person or business. Install the app to learn more about it.
The Balance Sheet
Double Entry Bookkeeping
Profit and Loss account
Reporting Period & Conversion Period
Accounting & Financial Formula
Formula of Operating cycle
Formula of Liquidity
Formula of Profitability
Formula of Activity
Formula of Financial leverage
Formula of Shareholder ratios
Formula of Return ratios
Accounting & Financial Terms and Abbreviation
Financial Statements
Balance Sheet
Income Statement
Cash Flow Statement
Stockholders’ Equity
Financial Ratios
Accounting Principles
Bookkeeping, Debits and Credits
Accounting Equation
Adjusting Entries
Bank Reconciliation
Petty Cash
Accounts Receivable and Bad Debts Expense
Inventory and Cost of Goods Sold
Depreciation
Accounts Payable
Cost Behavior and Break-even Point
Payroll Accounting
Standard Costing
Accounting Pronouncements
Organizations