Finally, a Simple Guide to Accounting Basics!
 
Well done! You managed to find the best source of accounting information for students anywhere - a site that has the easiest, simplest accounting lessons, explanations and examples you will ever find!
Here's what makes this site so helpful...
First of all, the explanations are clear, simple and easy to understand. Way easier than any accounting textbook. Even easier than Accounting for Dummies or any other "dummies" book, as they're not written for students but for businessmen.
Secondly, the lessons build step by step. You don't start with some complicated accounting entry. We start you with the fundamentals. The basics. And move you along step by step at a comfortable pace.
Third, you have loads of illustrations to make learning about the principles and concepts far easier.
And last but not least, we provide with you with simple definitions of accounting terms every step of the way so you really get what you're reading.
And all of this completely free!
  The result: you'll actually understand the basics of accounting. And you'll be able to study more advanced aspects of the subject in future whether at school, university or at ongoing education courses.
WARNING: Although this site has the easiest, simplest accounting lessons, explanations and examples anywhere... it is not a (complete) replacement for your accounting textbook, examples and questions... and it does not (fully) replace your teacher or lecturer either (at least not yet... but we are busy working on a robotic version in our labs...).
Does this... thing...
...look familiar at all?
It's an accounting textbook!
Had any recent nightmares about it?
Or... did it put you to sleep?
Or... did it put you to sleep and then give you nightmares! ;-)
The pain (or drowsiness) your accounting textbook or lecturer might have caused you in the past is no longer absolutely necessary! However, it is still recommended that you practice a lot of textbook questions... and keep going to your classes (if you feel you're getting something from them). But most importantly, go through the lessons on this site... It will give you a sufficient grounding in accounting so that all you'll really need to do to pass your exams is practice...
I'm so confident about the information here that I can virtually guarantee that you'll understand debits and credits after only the first three sections (Basic Concepts, Basic Transactions, and Debits and Credits).
Go ahead, try it... I dare you to prove me wrong!
Start right at the beginning - no matter who you are or how much you think you know - with Basic Accounting Concepts, then carry on, in order, lesson by lesson...
Good luck!
Basic Accounting Concepts Learning the basic accounting concepts sets you on the path to understanding the more complicated principles of the subject.
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Basic Accounting Transactions In this section we will look at each of the basic accounting transactions and see how each one affects our basic accounting equation.
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Double Entry Accounting Time to venture into the world of double entry accounting, otherwise known as debits and credits.
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The Accounting Cycle In these lessons we'll take a look at the big picture of accounting - the accounting cycle - and we'll delve into its various steps.
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Accounting Reports It's time to look at the final product of an accountant's work: the accounting reports of a business.
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What is Inventory? In this section we're going to answer the question, "What is Inventory?" and look at how we account for inventory and its related incomes and expenses.
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