What is GAAP? Generally Accepted Accounting Principles (US) are the commonly followed and accepted set of rules, procedures, and guidelines adopted by SEC (Secu
Trial Balance Meaning The trial balance is a bookkeeping systematized worksheet containing the closing balances of all the accounts. There are two sides of it-
This handout is given to my first year accounting students to help them visualize the accounting equation. It also covers the four steps to analyzing transactions.