At the most basic level, all accounting measurements translate to debits and credits. The challenge lies in knowing which account(s) to debit and the ones to credit. Sometimes, this task of debits and credits could be very daunting, as you may not have all the time to think through everything. One mistake is enough to make the difference between a good accounting and a big disaster.
However, knowing which accounts to debit and credit should not be a rocket science. This book has been designed to make everything simple so that you do not have to bite your finger thinking. Everything is here—clearly laid out in tabular form, with explanatory notes. All you need to do is, open the book and look up! You will surely find what you are looking for. And if you don’t find it, please let me know.
Use this book as a quick and practical reference guide to double-entry bookkeeping and accounting. Business owners, accountants, students and enthusiasts should find the book very useful for business, educational and personal applications.
All the accounting treatments and entries in the book comply with the measurement policies of the International Financial Reporting Standards (IFRS).
However, knowing which accounts to debit and credit should not be a rocket science. This book has been designed to make everything simple so that you do not have to bite your finger thinking. Everything is here—clearly laid out in tabular form, with explanatory notes. All you need to do is, open the book and look up! You will surely find what you are looking for. And if you don’t find it, please let me know.
Use this book as a quick and practical reference guide to double-entry bookkeeping and accounting. Business owners, accountants, students and enthusiasts should find the book very useful for business, educational and personal applications.
All the accounting treatments and entries in the book comply with the measurement policies of the International Financial Reporting Standards (IFRS).
