Learn Accounting Basics in 29 Minutes​

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Accounting Fundamentals

• Business Accounting Defined

• Double-Entry Bookkeeping

• Accounts

• Debits and Credits

• Cash Versus Accrual Accounting

• Accounts Payable and Receivable

• Buying and Selling Products, Order Form, Purchase Order

• Bill and Invoice

• Receipt

• Summary of Financial Statements

• Accounting Standards

• Accounts Payable and Receivable

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Cash Flow and Budget

• Importance of Cash

• Cash Flow

• Cash Flow Statement

• Budget and Cash

• Overspending and Under Spending

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Income Statement

• Financial Statements

• Revenue & Expenses

• Net Profit and Gross Profit

• COGS and COS

• Other Income

• Period

• Retained Earnings

• Relationship to Balance Sheet

• Review the INCOME STATEMENT in GoVenture FOOD TRUCK

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Balance Sheet

• Financial Statements

• Assets and Liabilities

• Business Value

• Equity

• Increasing Equity

• Balance

• Dividends and Retained Earnings

• Period

• Review the BALANCE SHEET in GoVenture FOOD TRUCK

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Practice Accounting by Playing GoVenture FOOD TRUCK​

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Accounting Software​