Customers of a business do not always pay for the goods and services that they receive. This poster on bad debts methods will help you to learn how to deal with these customers in accounting. When they owe money, you record them in an Accounts Receivable account which is an …

Once you learn ALICE accounts which are Assets, Liabilities, Income, Capital and Expenses, studying principles of accounts can be very easy. This FREE poster is perfect for you to accomplish this goal. When an entrepreneur starts a business, it is necessary to label every item with one of these 5 …

Basic accounting can be a daunting task for many students, so using a FREE accounting poster is very helpful to make the learning process easier. In the Accounting Cycle, there are many steps, some of which are the responsibilities of a bookkeeper and some are done by the accountant. When …

Learn about 6 tax types with these 5 FREE worksheets. Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Students must know about tax types in basic accounting to do the financial statements properly. Also, you can learn about tax types even if …

Profit and loss can be an easy topic in mathematics where you buy something and sell it to gain or lose money. In accounting, however, calculating profit and loss can be a bit more technical. You need to know what falls under income and expenses in the ALICE accounts before …