CHAPTER1
How Accounting Works
In This Chapter
- Demystifying accounting terms and concepts
- Visualizing the accounting process with T accounts
- Examples of typical accounting transactions
Every profession has its own seemingly cryptic vocabulary and ground rules, and accounting is no different. Almost every business owner needs to know the fundamentals of accounting in order to make sound business decisions, so in this chapter, we start by providing translations for the most important terms and concepts in accounting, laying the foundation for what you learn in later chapters.
Accounting Simplified
Accounting is a means of keeping score within ...
Get Introductory Accounting now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
