Financial Accounting Tutorial

Financial Accounting

We will explain to you all terms related to Financial Accounting in this Tutorial in a very simple and easy way.

Meaning of Financial Accounting:

Basic or initial level accounting in which we are recording, summarising and analyzing day to day transactions of the particular business is called financial accounting. and at the end, we will get to know about the financial position of a business or an organization by preparing Profit/loss and balance sheet of business in a particular financial year.


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Financial Accounting | Introduction | Functions

Financial Accounting is measurement, processing, and communication of financial information about a business or is basic accounting or initial ...
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Financial Accounting Terminology

If you are starting the study of Financial Accounting then firstly you have to know about important/Basic Financial Accounting Terminology. Because ...
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Basic Accounting Principles (GAAP) – Explanation

Every company must follow some principles, rules and guidelines to prepare the books of accounts or financial statement which is ...
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What is accounting cycle | Example | Diagram

Accounting cycle is the step by step process of recording, classifying and summarising business transaction for the particular financial year ...
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What is Accounting Equation | Example

What is Accounting Equation: Accounting Equation is a basis of double entry system of accounting. Double entry system means every ...
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Journal Feature Image 1 300x300 - Financial Accounting Tutorial

How to make Journal Entries in Accounting – Explanation

Journal Entries in Accounting is the process of analyzing and recording of business transactions in chronological (day to day) order ...
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Golden rules of Accounting | Explain with example

Golden rules of Accounting are the basis of recording all day to day financial business transaction. In which book we ...
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Modern Approach of Accounting

Modern Approach of Accounting The Journal is the basis of the accounting system, In Journal we record all day to ...
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Basic Journal Entries | Journal | Examples

The Basic Journal Entries: - In this Article, We will explain you the Basic Journal Entries and after this chapter, You ...
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