Skip to content
Net profit is revenue before expenses have been deducted.
Petty cash is an expense.
When one debit and one credit is effected by a transaction t…
An account has a Debit balance of 6,000.00 and a Credit bala…
Basic accounting theory is based upon Double Entry.
What category on the chart of accounts would “Office compute…
Credits are always entered before debits.
The first formal financial statement to be prepared is the P…
Trial Balance
What category on the chart of accounts would “412” be listed…