Build a solid foundation in accounting with these 5 FREE worksheets on types of accounts. You can fully understand which accounts are Assets, Liabilities, Income, Capital and Expenses (ALICE).
It is crucial to learn these 5 types of accounts early because their Source Documents must be allocated to the relative Journals and Ledgers in order to have a Trial Balance without any errors.
Once you complete this task properly, you are able to do an Income Statement, Balance Sheet and Cash Flow Statement successfully. Any mistakes with the 5 types of accounts can cause your entire answer to be wrong.
These 5 FREE worksheets will help you to learn types of accounts quickly so that you can spend your study time learning the difficult topics. These worksheets will prepare you to do homework better, pass exams or do basic accounting for a small business.
How to learn the 5 types of accounts with these FREE worksheets
When you download these free worksheets to learn the 5 types of accounts, you can print the documents on paper size 8.5×11 inches, portrait orientation.
Use the worksheets during study time to learn the 5 types of accounts in detail. By practising with these ALICE worksheets, you get the foundation needed to do the Accounting Cycle properly.
Download FREE worksheets and learn the 5 types of accounts
Assets worksheet
Liabilities worksheet
Income worksheet
Capital worksheet
Expenses worksheet
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