By Kenneth Boyd

A one-stop accounting reference

Packed with important info culled from the broad For Dummies accounting, bookkeeping, and auditing libraries, Accounting All-in-One For Dummies is a strong, one-stop reference.

Accounting All-in-One For Dummies is a accomplished source on numerous accounting strategies. you will get in control on: constructing your accounting method; recording accounting transactions; adjusting and shutting entries; getting ready source of revenue statements and stability sheets; making plans and budgeting to your company; dealing with money and making buy judgements; and more.

  • Ways to record in your monetary statements
  • How to make savvy company decisions
  • Auditing and detecting monetary fraud

    Accounting All-in-One For Dummies is a one-stop reference for college students learning the appliance of accounting theories and a important table reference for accounting pros within the group.

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    Extra info for Accounting All-in-One For Dummies

    Example text

    Regulators: Most businesses have to answer to some type of regulator. If you produce food, you send financial reports to the Food and Drug Administration (FDA). Reviewing financial statements is one responsibility of a regulator. The following sections help you embark on your journey to develop a better understanding of bookkeeping and accounting. Here you discover the differences between the two and get a bird's-eye view of how they interact. Distinguishing between bookkeeping and accounting Distinguishing between bookkeeping and accounting is important, because they're not completely interchangeable.

    You need a road map to help you determine where to record all those transactions. This road map is called the chart of accounts. This chapter introduces you to the chart of accounts and explains how to set up your chart of accounts. This chapter also spells out the differences between debits and credits and orients you to the fine art of double-entry accounting. Getting to Know the Chart of Accounts The chart of accounts is the road map that a business creates to organize its financial transactions.

    This chapter also spells out the differences between debits and credits and orients you to the fine art of double-entry accounting. Getting to Know the Chart of Accounts The chart of accounts is the road map that a business creates to organize its financial transactions. After all, you can't record a transaction until you know where to put it! Essentially, this chart is a list of all the accounts a business has, organized in a specific order; each account has a description that includes the type of account and the types of transactions that should be entered into that account.

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