We created this website ten years ago, in 2012, with the aim of making accounting concepts simple, clear and easy to understand for general people looking for information about …

This section contains clear explanations of various financial and managerial accounting topics, terms and concepts. We have tried to explain each accounting topic in easy language.

Home » Exercises Exercises This section contains accounting exercises and their solutions. Each exercise tells students the solution of a unique situation. You can access this section from any …

Introduction to financial accounting Accounting principles and concepts Accounting cycle Special journals/subdivision of journal Cash book Accounting for accounts receivable Accounting for …

Dec 3, 2023 · Comprehensive variance analysis; Journal entries to record variances.

Jul 31, 2024 · By making adjusting entries, a portion of revenue is assigned to the accounting period in which it is earned, and a portion of expenses is assigned to the accounting period in …

Mar 26, 2024 · Definition, explanation and example of LIFO liquidation. The purpose of using specific goods pooled LIFO approach concepts.

Aug 25, 2024 · This is a comprehensive MCQs quiz on accounting cycle. Take this multiple choice questions quiz and evaluate your knowledge of accounting cycle.

Jul 10, 2023 · Management uses accounting information for evaluating and analyzing organization’s financial performance and financial position, for taking important decisions and …

Jul 11, 2023 · The Fine manufacturing company uses job order costing system. The company uses machine hours to apply overhead cost to jobs. At the beginning of 2012, the company …