Mind map
What Is Accounting?
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What Is Accounting?
Cashflows of a business, then used to reach decisions about how to manage the business.
5 Types of Accountance
- Assets, Liabilities, Equity, Revenue and Expenses.
- Assets is something that you own.
- Liabilities Is something that you owe.
- Equality is the credit column has to be the same as the debit column.
- Revenue is the amount of money the company receives.
- Expenses is utility for examples, bills, rents, insurance etc.
- Expenses is utility for example, bills, rents, insurance etc.
- Assets, Liabilities, Equity, Revenue and Expenses.