There are 2 sets of transactions in the sales. INVENTORY changes hand at cost price as well as CASH at Selling Price. Transaction 1:...

We've learned about the equation [Assets = Capital + Loan] in Bite-size learning 1 As liabilities is the term used for for loan and...

When you record a cash transaction, all you need to do is to answer 2 simple questions. What would be the cash impact from the...

In any transaction, there must be 2 parties. The giver and the receiver. This principle creates the accounting system where we need to...