Accounting Examples
Accounting Examples - Accounts


Online Course
Accounting for Non-Accountants -
Accounting for Non-Accountants is a 20-hour strictly online accounting course that requires no textbook or live instructor. It is a self-paced accounting tutorial that can be taken 24/7 conveniently in your own home, office, or from any computer that has access to the Internet.  Click here to view more details


Accounts are set up for each item on the financial statements and are analyzed to provide details for financial reports.  They each fall into one of the following categories:

Balance Sheet Accounts - classified as assets, liabilities, or owner's equity

Income Statement Accounts - classified as revenues or expenses.

Each daily transaction of a business has an impact on the at least two accounts.  For example paying $100 on an account in your payables would lower your cash level, but it would also lower your obligation.

Simplest form

Name of the Account

Left side


Right side



Amounts entered on the left side of an account, regardless of the account title, are called debits to the account. Amounts entered on the right side of an account are credits.

debit balance
Asset Accounts

Nature of the Account

credit balance
Liability Accounts
Owner's Equity


Get ALL of the materials above for only $35.

Master Accounting Download Package - High-quality PDF files
Accounting explained in a clear and easy to understand way. Includes explanations for 31 accounting topics, 16 Accounting Exams (40 questions each), 52 Printable Crossword Puzzles, 175 Question Bookkeeping Test, Quick View Basic Accounting "Cheat Sheet", Accounting Dictionary and more. Click here to view more details

Managerial & Cost Accounting Exams  - covering 19 managerial accounting topics (a total of 520 questions). Answers included. A great tool for learning and reviewing!

Download Printable (PDF) - $15

Financial Accounting Exams - covering 16 financial accounting topics. Each authentic accounting exam contains 40 questions focused on each topic (a total of 640 questions). Answers included.

Download Printable (PDF) - $15
Most popular books for Accounts

Understanding Small Business Accounts

Understanding Small Business Accounts

Paperback: 128 pages

Publisher: How to Books (February, 2003)

Understanding Accounts

Understanding Accounts

Paperback: 72 pages

Publisher: Dk Pub Merchandise; (March 2001)



Privacy Statement Site Map   Link to Us Contact Us

2002-11 Learning Link Finders, Inc. - All Rights Reserved - Modified on 01/05/11

The information on this site is for informational purposes only and should not be used as a substitute for the professional advice of an accountant, tax advisor, attorney, or other professional.
All trademarks and registered trademarks appearing on are the property of their respective owners.