Online Business Accounting

basic concepts of accounting?

Public Comments

1. Assets - Liabilities = Equity
2. it is assets MINUS liabilities equal equity assets = liabilities + equity every debt(s) must have matching credit(s)
3. BASICS OF ACCOUNTING: DEBIT & CREDIT 1. Debit what comes in, Credit what goes out 2. Debit all expenses, Credit all incomes 3. Debit the receiver, Credit the giver