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