Double Entry and Financial Statements

HideShow resource information
View mindmap
  • Double Entry Book Keeping and Financial Statements
    • 1) Rules
      • Debits (Left side) and Credits (Right side)
      • Assets (Debit to increase), Liabilities (Credit to increase), Expenses (Debit), Revenue (Credit)
      • 2) Types of Accounts
        • Assets
          • Land, Vehicles, Inventory, Cash
        • Liabilities
          • Bank Overdrafts, Loans, Equity
        • Expenses
          • Wages, Rent, Lighting, Advertising
        • Revenues
          • Sales of goods, rent receivable
        • 3) What Goes Where?
          • Income Statement
            • Expenses and Revenues
          • Balance Sheet
            • Assets and Liabilities
    • 2) Types of Accounts
      • Assets
        • Land, Vehicles, Inventory, Cash
      • Liabilities
        • Bank Overdrafts, Loans, Equity
      • Expenses
        • Wages, Rent, Lighting, Advertising
      • Revenues
        • Sales of goods, rent receivable
      • 3) What Goes Where?
        • Income Statement
          • Expenses and Revenues
        • Balance Sheet
          • Assets and Liabilities

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all resources »