November 2003
Intermediate to advanced
186 pages
2h 50m
English
Content preview from Accounting DemystifiedBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Summary
This chapter described the accounting process and discussed each step from the point at which a journal entry is made through the trial balance. The chapter also explained the accounting equation and expanded the equation to provide a framework for understanding when debits and credits increase or decrease the various accounts.
The next chapter will specifically look at how to make journal entries when transactions occur that need to be captured in the accounting records.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.