Basic Accounting Concepts

This app will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Once you become familiar with some of these terms and concepts, you will understand Accounting Easily. Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows.

Concepts Included in this app:

# Basic Accounting Concepts

# What are Assets

# Define Liability

# Owners Equity

# The Accounting Equation and Financial Position

# Basic Accounting Terms

# Basic Accounting Formula

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