In this course, you will :
- Understand debits and credits.
- Understand the double entry system.
- The 5 account types: assets, liabilities, owner's equity, revenues and expenses.
- The true nature of each account type.
- How to use T accounts.
- How to create and read balance sheets.
- How to create and read profit & loss statements.
- How to check your accounts with a trial balance.
- How to create and post journals.
- Understand the 8 step accounting cycle.