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Online tutorial class welcomes you to join our online forum, feel free to browse around and if you have any further question, suggestion, or comments, please don't hesitate to contact me.

This site provides a basic understanding of accounting, and teaches you how to Journalize the transaction, posting to the Ledger, preparing the Trial Balance, and Financial Statement of the business.

This site was created and is maintained by me, where you'll find the accounting information and example to practice.

I dedicate this site to Mr David Eno, who inspired me to start this accounting blog.

The following topic cover with this blog, you'll find below:

I. The Accounting Equation

1. What is Accounting, Accountant, Bookkeeper, and Computer?
2. What are Assets
3. The Accounting Equation
4. What is Revenue, Expenses, and Profits?
5. Recording Revenue
6. Recording Expenses
7. How Revenue and Expenses Affect Capital
8. Accounting Cycle

II. Financial Statements

1. What are Financial Statement
2. What are Assets
3. Types of Liabilities

III. How to record the Business Transactions

1. Where to Record Business Transactions
2. What is Journal Entry
3. What is Ledger
4. Trial Balance

IV. Recording Adjusting, Closing , and Reversing Entries

1. Adjusting Entries
2. Closing Entries
3. Reversing Entries
4. Prepare a Post-Closing Trial Balance.

V. For Trading Business

1. Sole Proprietorship
2. Methods of Determining Income
3. Recording Sales, Sales Return and Allowances, and Sales Discount
4. Determining the Cost of Goods Available for Sales
5. Determining the Cost Merchandise Sold
6. Recording Daily Business Transactions
7. Adjusting, and Closing Entries

VI. Special Journal and Controls

1. Sales Journal
2. Cash Receipts Journal
3. Purchases Journal
4. Cash Payments Journal
5. Purchase Returns and Allowances Journal
6. Sales Return and Allowances Journal
7. Cash Discount
8. Chan Discount

VII. Accounting For Cash Special Control

1. Internal Control
2. Special Controls to Safeguard Cash
3. Bank Reconciliation
4. Petty Cash Fund
5. How to Record in the voucher

VIII. Accounting For Receivable and Payable

1. Recognizing Bad Debts
2. Direct Write-Off Method
3. Net Sales Method
4. Aging of Accounts Receivable Method
5. Extending Credit
6. Promissory Notes
7. Interest-Bearing Promissory Notes
8. Recording Interest
9. Discounting Notes

IX. Accounting For Long-Life and Intangible Assets

1. Long Life Assets
2. Determining Plant Equipment costs
3. Allocating Plant and Equipment costs
4. Types of Depreciation
5. Disposal of Plant Assets
6. Trade-In of Plant Assets
7. Depletion
8. Intangible Assets
9. Amortizing Intangible Assets
10. Capital Improvement

X. Accounting For Inventories

1. What is Merchandise Inventory
2. Inventories and the Trading Business
3. Types of Inventory Systems
4. The perpetual Inventory System
5. Determining the cost of Inventories
6. The FIFO Method
7. The LIFO Method
8. The Weighted Average Method
9. The Gross Profit Method
10. The retail Method

XI. Payroll Deduction are:

1. Social Security Tax (FICA)
2. Medicare Tax
3. Federal Income Taxes Withheld
4. State and Local Income Taxes Withheld
5. State Disability Insurance
6. Other Voluntary Deduction

XII. Partnership

1. Disadvantages of Sole Proprietorship
2. Advantages of Partnership
3. The Partnership Finances
4. Partnership Investments
5. Distributing Income and Losses
6. Recording Changes in the Partnership
7. Liquidation of a Partnership

XIII Corporate

1. Forming the Corporation
2. Corporation
3. Rights of Stockholders
4. Corporate Capital - Stockholders Equity
5. Types of Stock
6. Advantages of Preferred Stock
7. Recording Stock Transactions
8. Sales of Treasury Stock
9. Financial Statements for a Corporation.

Thank you for visiting my site! I hope you've found the information you're looking for.