Accounting is a common term used in enterprise entities and institutions. It refers to the process of processing, organizing, and or summarizing financial information and records. Alongside fulfilling the customer’s needs, each business exists to make economic progress. Without accounts, it may not be easy to know whether the company Read more…
The accounting equation, also known as the balance sheet equation, is the elementary equation purposeful in double-entry accounting. When starting a business, there are always these three parameters you consider first, assets, liabilities, and equity. Each of these contributes significantly towards indicating the financial progress of your enterprise – whether Read more…
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