Download e-book for kindle: Accounting Demystified by Leita Hart

By Leita Hart

Accounting details and tips you could take to the bank!

You would possibly not recognize the very first thing approximately debits, credit, and funds ratios now―but whilst you’re performed with this e-book, you’ll have the ability to juggle earnings and losses along with your eyes closed and skim any stability sheet like it’s a superb novel.

Accounting DeMySTiFieD, moment version, is a curriculum-based, self-teaching consultant that makes studying accounting more straightforward than 1-2-3. With graphs, plain-English factors, and real-life examples, it starts off with the fundamentals―such as simple monetary phrases, stability sheets, and funds movement statements―and eases you into the extra complex stuff, like adjusting entries, double access bookkeeping, revenue ratios, and liquidity.

Completely up-to-date and revised to hide finance phrases, theories, and most sensible practices, Accounting DeMySTiFieD teaches you the fine details of accounting very quickly at all.

This speedy and straightforward advisor features:

  • A whole evaluation of monetary statements, GAAP principles, transactions, expense, budgets, and tax accounting
  • Proven accounting insights, assistance, suggestions, and strategies
  • Chapter-ending perform routines, quizzes, and ultimate examination to augment your wisdom and chart growth
  • Tons of examples to teach how accounting works within the genuine world

Simple adequate for a newbie yet difficult adequate for a extra complex pupil, Accounting DeMySTiFieD is your shortcut to mastery of this differently advanced subject.

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Download e-book for kindle: Accounting Demystified by Leita Hart

Accounting details and suggestions you could take to the financial institution! you could now not be aware of first thing approximately debits, credit, and funds ratios now―but while you’re performed with this publication, you’ll be ready to juggle earnings and losses along with your eyes closed and skim any stability sheet like it’s an exceptional novel. Accounting DeMySTiFieD, moment variation, is a curriculum-based, self-teaching advisor that makes studying accounting more uncomplicated than 1-2-3.

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Sample text

Why is office equipment before manufacturing equipment? Because there are more people in the world who would want to buy your office chair and desk than your custom widget-making machine. Buildings are near the bottom of the list because they might take months, possibly years to sell, depending on their desirability. Intellectual property, such as patents and brand names, are even less liquid than buildings, because any number of businesses might move into your building, but only a few people in the world would want to buy the brand name of your product lines—maybe.

It is always good practice to convert dollar figures into percentages. Both dollars and percentages tell a story. While you might be impressed with the sheer dollar size of the net income, you might be missing the story that it is only 2 percent of sales.

THE WAY A COST IS APPLIED The next way of discussing costs is by how they are applied to a product or service. The cost can be either directly applied to the product or service or indirectly applied. Direct costs are costs that you can logically and easily trace to the creation of the product. Let’s say we are making birdbaths. The cost of the components (the wire and the cement) and the labor to create the birdbaths are direct costs. You can easily determine how much cement and wire go into each birdbath.

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Accounting Demystified by Leita Hart

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