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Accounting Concepts

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Accounting 101

Basic accounting concepts and principles explained in simple terms.

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Accounting 101

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What is Double-entry?

Learn how double-entry bookkeeping works and why every transaction must balance with equal debits and credits.

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Double Entry Accounting DefinitionsDouble Entry Accounting Examples

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What is Journal Entry?

Understand what a journal entry is and how it records financial transactions in accounting.

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Definition and Basic ExamplesMore Complex Journal EntriesJournal entries in foreign currency

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Unrealised Gain and Loss

Understand how unrealised gains and losses arise from currency or asset value changes before they are realised.

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Unrealised Gain and Loss
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