Tag Archives: accounting basics

Imagine you are walking through your office or factory. You see an old computer sitting on a desk. It still turns on, and you can still type on it, but it is so slow that nobody wants to use it. Or perhaps you have a delivery van that still drives, …

Imagine you have been working hard in your shop for three years. You sell products every day, you pay your bills, and you even have some cash in your pocket. But then, a bank manager or a tax officer asks you one simple question. How much capital do you have …

Imagine waking up to a letter from the tax office. Your heart sinks. They want to see your records from three years ago. You look at the pile of faded receipts in a shoebox. You look at your bank statements that show hundreds of “miscellaneous” withdrawals. You realise with a …

For many, the world of accounting can seem like a complex maze of numbers and jargon, but at its core, it’s simply the language of business. Understanding fundamental accounting principles is crucial for anyone, whether you’re managing a small shop, aspiring to be a financial professional, or simply want to …

Understanding how to decode worded transactions is one of the most difficult hurdles for basic accounting students. Many learners struggle with translating everyday business language into clear, structured journal entries and ledger postings. This article breaks down that process, helping students confidently navigate this foundational stage in accounting. Let’s explore …