What Is Accounting?

javedmiah09
Mind Map by javedmiah09, updated more than 1 year ago
javedmiah09
Created by javedmiah09 almost 5 years ago
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Mind map about accounting.
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What Is Accounting?
1 Cashflows of a business, then used to reach decisions about how to manage the business.
2 5 Types of Accountance
2.1 Assets, Liabilities, Equity, Revenue and Expenses.
2.1.1 Assets is something that you own.
2.1.2 Liabilities Is something that you owe.
2.1.3 Equality is the credit column has to be the same as the debit column.
2.1.4 Revenue is the amount of money the company receives.
2.1.5 Expenses is utility for examples, bills, rents, insurance etc.

Annotations:

  • Expenses is utility for example, bills, rents, insurance etc.
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