Accounting for Android

Accounting is the process of systematically recording, measuring, and communicating information about financial transactions.

At the heart of accounting is the double-entry bookkeeping method. This involves making at least two recording entries for every transaction: a debit in one account and a credit in another account. The method helps prevent errors because the sum of the debits should equal the sum of the credits. The three major financial statements produced by accounting are the income statement, the balance sheet, and the cash flow statement.

Topics Covered in this App are Listed Below

Accountancy an Overview?

What is accounting and why do we need it?

What are Assets and Liabilities in Accounting

The Accounting Equation

What is Revenue, Expense and Drawing

The Complete Accounting Equation

Basic Accounting Transactions

How to do a Journal Entry

What is Ledger & How to create One

How to calculate Depreciation (Balance Day Adjustment)

How to prepare trial balance

How to produce a Profit and Loss Statement

How to create Balance Sheet

Why monitoring Cash Flow is important for business

How to analyse financial reports to make informed decisions

MEANING AND BUSINESS ENTITY CONCEPT

Business entity concept

MONEY MEASUREMENT CONCEPT

GOING CONCERN CONCEPT

ACCOUNTING PERIOD CONCEPT

ACCOUNTING COST CONCEPT

DUAL ASPECT CONCEPT

REALISATION CONCEPT

ACCRUAL CONCEPT

MATCHING CONCEPT

Evolution Of Accounting

Book Keeping And Accounting

Scope And Functions Of Accounting

Groups Interested In Accounting Information

The Profession Of Accounting

Specialised Accounting Fields

Nature And Meaning Of Accounting Principles

Accounting Concepts

Accounting Conventions

Preparation Of Financial Statements

Tally Package

Key Words

Basic Ideas About Income And Expense

Classification Of Items In The Balance Sheet

Classification Of Liabilities

Capital Expenditure

Revenue Expenditure

Distinction Between Capital And Revenue Expenditure

Capital And Revenue Profits, Receipts And Losses

Depreciation

Ratio Analysis