Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.

This Basic Accounting app contains some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows.

The Basic Accounting app covers a lot of information about Accounting Basics.

The Accounting Equation
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
and more....

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