http://www.accounting-basics-for-students.com/accounting-basics-blog.html Welcome to the Accounting Basics Blog! Subscribe to this blog and you'll be notified whenever there's a new lesson, article, exercise or update to the Accounting-Basics-for-Students website. en-us accounting basics Sun, 05 Sep 2010 04:27:34 GMT Sun, 05 Sep 2010 04:27:34 GMT accounting-basics-for-students.com http://www.accounting-basics-for-students.com/-accounting-cycle-question-.html Q: Which steps in the accounting cycle require the most thought and judgement by the accountant: (a) preparing a trial balance, (b) posting adjusting, Sun, 05 Sep 2010 04:27:28 GMT http://www.accounting-basics-for-students.com/-settlement-discount-granted-.html Q: How does a settlement discount granted affect the debtors column on the cash receipts journal? A: Just to clarify for anyone reading, a settlement Thu, 02 Sep 2010 04:26:03 GMT http://www.accounting-basics-for-students.com/-recording-retained-earnings-in-the-journal-.html Q: How do you record retained earnings in the journal? A: Earnings means profits and retained earnings is all the net profits one accumulated. Also known Wed, 25 Aug 2010 19:35:47 GMT http://www.accounting-basics-for-students.com/-sale-of-noncurrent-asset-question-.html Q: An item of plant originally purchased for $65,000 and with a book value of $12,000 was sold during the year for cash. What is the amount I should Sat, 21 Aug 2010 18:54:30 GMT http://www.accounting-basics-for-students.com/-owners-equity-vs-assets-.html Q: Is the owner's equity and assets always the same? A: Dona, owner's equity and assets are never the same. Please see my lessons on each of these topics Sun, 11 Jul 2010 01:36:44 GMT http://www.accounting-basics-for-students.com/-imbalances-of-debtor-accounts-and-control-accounts-.html Q: What are the possible reasons for imbalances in these accounts? A: Carl, I assume your question is regarding imbalances between debtor (or creditor) Sun, 11 Jul 2010 01:17:56 GMT http://www.accounting-basics-for-students.com/-accountants-and-bookkeeperz-.html Q: What is the main important difference between accountants and bookkeepers? A: Both accountants and bookkeepers collect and record accounting information, Sat, 10 Jul 2010 21:32:40 GMT http://www.accounting-basics-for-students.com/-does-the-provision-for-doubtful-debts-go-into-the-sales-control-account-.html Q: Does the provision for doubtful debts go into the sales control account? Thank you very much! A: The provision for doubtful debts does not go into Fri, 18 Jun 2010 02:05:14 GMT http://www.accounting-basics-for-students.com/-double-entry-accounting-.html Q: What is double entry accounting and who introduced double entry? A: The answer to your first question is fully explained in the lessons in the section Mon, 14 Jun 2010 20:18:25 GMT http://www.accounting-basics-for-students.com/-what-are-financial-statements-.html Q: What are financial statements? A: Remember, a statement is a report. The financial statements are the most important accounting reports of a business. Fri, 07 May 2010 06:36:10 GMT http://www.accounting-basics-for-students.com/-cost-accounting-fixed-vs-variable-.html Q: Fixed costs are really variable, the more you produce the less they become. Do you agree? Explain? A: Thanks for your questions Ujala. I agree and Sun, 02 May 2010 07:00:06 GMT http://www.accounting-basics-for-students.com/-income-statement-vs-profit-and-loss-account-.html Q: What is the difference between the income statement and the profit and loss account? A: The income statement is a statement (a report) and forms part Thu, 25 Mar 2010 05:30:51 GMT http://www.accounting-basics-for-students.com/bad-debts-provision-for-bad-debts-debtors-control.html Q: How does bad debts and the provision for bad debts affect the debtors control account? A: Let's make sure we fully understand what these terms are Fri, 19 Mar 2010 02:38:44 GMT http://www.accounting-basics-for-students.com/-purchases-cost-of-sales-control-accounts-.html Balances at 31 January 2009: Debtors control account.............................$32,400 Creditors control account...........................$25,200 Inventory...................................................$30,000 Thu, 11 Mar 2010 20:29:36 GMT http://www.accounting-basics-for-students.com/-accounts-receivable-vs-accounts-payable-.html Q: Accounts Receivable vs. Accounts Payable? A: The answer to this short question is to define the two terms and see how they differ. Accounts Receivable Wed, 10 Mar 2010 06:26:39 GMT http://www.accounting-basics-for-students.com/accounting-basics-blog.html#The-Three-Barriers-to-Studying Overfilled class-sizes, economic disadvantages and "learning disorders" are common. Yet underlying all of this, there are three primary barriers that keep one from successfully studying any subject... Sun, 07 Mar 2010 20:35:21 GMT http://www.accounting-basics-for-students.com/-debtors-control-account-provision-for-doubtful-debts-.html Q: Is the increase in the provision for doubtful debts included in the debtors control account? A: Thanks for your question David. I am sure there are Fri, 05 Mar 2010 05:39:54 GMT http://www.accounting-basics-for-students.com/accounting-basics-blog.html#How-to-Study-Accounting Not sure how to go about studying accounting? Here are some useful tips from an instructor at a Californian college... Sun, 21 Feb 2010 03:35:54 GMT http://www.accounting-basics-for-students.com/basic-accounting-test.html Take this free basic accounting test or quiz and see how well you understand the basic accounting concepts. Sun, 14 Feb 2010 07:13:34 GMT http://www.accounting-basics-for-students.com/about-us.html Want to know more about us, about who created this site? Read more here... Sun, 14 Feb 2010 02:13:15 GMT http://www.accounting-basics-for-students.com/free-newsletter.html Sign up for our free newsletter, and you'll get notified immediately of new accounting lessons, questions, information and updates. Sat, 13 Feb 2010 21:22:38 GMT