There are two main methods of accounting (or bookkeeping): Accrual method Cash method The  accrual method  of accounting is the ...

The term  bookkeeping  means different things to different people: Some people think that  bookkeeping  is the same as accounti...

  Statement of Stockholders' Equity The fourth financial statement is the statement of stockholders' equity. This statement lists th...

  Recording Transactions With sophisticated accounting software and inexpensive computers, it is no longer practical for most businesses to ...