Finance Images & Infographics
Visuals like (infographics and images) are one of the most effective learning methods for learners. We are striving with a goal to simplify the concepts particularly for beginners of accounting, business, and finance. So, On this page, you will learn your favorite topics with beautifully designed infographics and finance images.
What is Accounting?
An Accounting is the art of recording financial transactions relating to a business. In this post you will learn:
- Types of Accounting
- users of accounting
- Steps in accounting cycle (Accounting Process)
- benefits of accounting
- Set of standards used by Accountants
- Careers in Accounting
Debit and Credit Rules
The term debit indicates the left side and credit indicates the right side of an account. They are commonly abbreviated as Dr. for debit and Cr. for credit. In this post your will learn all the debit and credit rules.
Financial statements Preparation from adjusted Trial Balance
Business entities prepare financial statements from the adjusted trial balance. This post is just about to learn:
- How financial statements are prepared based on the given trial balance,
- The relation of financial statement elements among each other.
- The relation of financial statements with each other
Risk and Uncertainty
Estimates of cash flows might be wrong for two main reasons:
-Risk in the investment, and
-Uncertainty about the future
Inventory Shrinkage( Inventory Shortage)
Inventory shrinkage is the difference between the quantity of physical inventory taken at the end of the accounting period and the quantity of inventory shown in the inventory records.