accounted, accounting equation and accounts payable

Understanding the Difference between Income Statement and Balance Sheet

SMBAccountant

JUNE 21, 2023

Gains and Losses: This category accounts for non-operational activities, such as gains or losses from the sale of assets, investments, or foreign exchange. The balance sheet follows the fundamental accounting equation: Assets = Liabilities + Shareholders' Equity.

Non-Profits

Non-Profits accounting equation financial statements accounts payable

What Accounts Are Debit and Credit?

xendoo

AUGUST 22, 2022

Most business owners understand that they need to keep track of their income and expenses but many get tripped up when figuring out what accounts are debits and credits. By getting a firm grasp on the concept of debits and credits, you’ll have a leg up when it comes to completing your accounting accurately. What Are Debits and Credits?

Account

Account accountant accounted bookkeeping

Accountant Advocate

Understanding the Difference between Income Statement and Balance Sheet

What Accounts Are Debit and Credit?

Webinars

Stay Connected