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Tag Archives: accounting for beginners

How to decode worded transactions using ALICE accounts: A beginner’s guide to debits and credits

This beginner-friendly guide helps you decode worded accounting scenarios using ALICE: Assets, liabilities, income, capital, expenses.

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 …

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Master the Accounting Cycle steps: Your guide to tracking business finances like a pro

What are the Accounting Cycle steps? Full breakdown with examples.

Running a business or learning accounting and feeling overwhelmed by all the “numbers talk”? Don’t worry — we’ve got your back! Whether you’re a total beginner or halfway through your accounting course but still confused, this guide will break down the Accounting Cycle in a way that finally makes sense. …

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