how to make easy accounting forms newest

how to make easy accounting forms newest

how to make easy new journal of accounting, journal of accounting how to make easy is the latest news and updates on how to make a journal of accounting easy to read more here 'name =' description how to make a journal of accounting alumni easy as accounting, usually for the new students who are taking college accounting majors sometimes confused to make accounting journals, and for that the-ghe try to give you an understanding of how to create accounting journal easily and quickly equipped with, here is a tutorial how to create accounting journal and what you should master before making said journal, journaling before learning, there are three (3) things that have to be mastered first: 1. master the format of the balance sheet and income statement modest alongside.

really understand the contents of the balance sheet and income statement. if you really prefer to memorize the first and then in logika, please do it. but if you'd rather understand the logic first and then memorized, please also. it is up to how, the important two forms of this report can be memorized by rote. very nice if the form sheet and income statement can you visualize in your mind. try to keep both formats are always attached to your head. if you want a bit extreme, keep whatever you see, it seems like a form of balance sheet and income statement? how to test if you are really able to visualize it in your mind: take a blank sheet of paper and a pen, create a format income statement balance sheet and closing her eyes. 2. master the accounting following equation:

assets = liabilities + owner's equity

the logic behind the accounting equation: assets (also called 'assets') are assets owned by the company, can be: cash are called cash, receivables or billings to other parties, inventory, and fixed assets. from which the company acquires assets? is the sudden collapse of the sky? obviously not. the company acquired assets of: (a) capital-deposited by the owner of the business (then called "equity owner"), or (b) debt-"obligation" that one day must be paid (refunded), or (c) a combination of two other words: on the one hand the company has assets (wealth), on the other hand the company also has a debt (liabilities) and capital (owner's equity). this condition will be continuing in a balanced way from time-to-time. consider again the example image above balance, on the left (asset) value number 70, in the liabilities and equity value is also the number 70, the balance (balance). any change in one element is always offset by changes in other elements.

i will present an example farmat financial statements (balance sheet, income statement, statement of cash flows and changes in equity at the next opportunity. 3. ahold debit and credit procedures below if the logic of the accounting equation above can be understood, then memorize the discharge procedure and the credit will be easy.

debit and credit procedures are vital nature. a person would not be able to keep a journal properly if you do not master this procedure. after tigal the above are well controlled (memorized, can visualize and understand its logic), then please proceed with learning journaling. what does the diagram above? its foundation is the accounting equation i mentioned earlier, namely: assets = liabilities + owner's equity. besides, there are three main elements (assets, liabilities, and owner's equity), there is also a retained earnings, capital (shares), dividends, and cost and revenue (note: costs and revenues derived from the format 'income statement'). these elements are called account (account). i'll explain more while learning journaling.