Online Business Accounting

What are the basic principles of accounting?

My exmans are approaching (they are to be held in the first week of september), but I dont even know what is Ledger, but it is always the case with me... I have a habit to study at the eleventh hour... so would u like to answer my question in short... and any site that can help me.... I want the 13 basic principles or conventions...

Public Comments

1. hey yahoo pal, first things first,organize ur day!!! basic principles of accounting are available in any icse or cbse prescribed book!! you can purchase in any bookstore. ledger is place where the daily transactions are classified in to balances into debit and credit aspects.
2. double entry accounting Every journaled transaction will always affect two accounts, one will be debited, one will be credited. A purchase of $5 office paper will be: cash cr 5, expense dr 5 A sale of a widget to a customer might be cr sales dr client's account When the customer pays cr client's account dr cash
3. www.futureacountant.com 1.Solve ur day 2.play safe 3.what u have is what u acc for 4.thing expected is not to acc for v v v v 13.thats all
4. Just go to google.com and u can find more than what you want to pass ur exams.