Accounting

Learn the basics of accounting by watching the videos below, included with GoVenture products.

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This PDF document describes the ACCOUNTING concepts covered in the videos below.

Learn Accounting Basics in 29 Minutes

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

Cash Flow and Budget

  • Importance of Cash

  • Cash Flow

  • Cash Flow Statement

  • Budget and Cash

  • Overspending and Under Spending

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

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

Practice Accounting by Playing GoVenture FOOD TRUCK

Accounting Software

Learn Accounting Basics in 29 Minutes

 

Accounting Fundamentals

 

Cash Flow and Budget

 

Income Statement

 

Balance Sheet

 

Practice Accounting by Playing GoVenture FOOD TRUCK

 

Accounting Software