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
are several types of transactions that effect owner equity including:
investments, withdrawals of cash by the owner, revenue earned, and
expenses incurred. The accounts that collect data from these
Account - The companies net
worth. Initial and subsequent Investments are recorded here as well
as changes in the equity of the owners; such as net income or loss.
Capital stock represents the investment of stockholders for corporations,
and retained earnings represents the net income/loss.
Account - Also known as the Personal Account, this account is used to
record withdrawals from the company by the owner or owners.
Accounts - The gross increases to owner's equity. Sources
include sales of merchandise or services, rental properties, lending
money, commissions, and other income generating ventures.
Accounts - The costs incurred during the day to day operation of the
business are expenses. Examples include, Salary Expense, Supplies
Expense, Utilities Expense, and Rent Expense..