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