Students can learn Control Accounts formats for Accounts receivable and Accounts payable in basic accounting with these 5 posters. These two accounts tend to have numerous transactions in each. The details are found in their corresponding subsidiary ledgers. A Control Account is a general ledger account containing only summary amounts. The details …

Learn two depreciation methods easily with these FREE posters. Depreciation is an expense that goes to the Income Statement and reduces assets in the Balance Sheet. In a question, you will be instructed to use one of the two depreciation methods to calculate the value of depreciation to record as …

Knowing the Balance Sheet format helps you to concentrate on more difficult questions in accounting than to waste time trying to remember where to place assets, liabilities and capital. Practise the Balance Sheet format regularly and all the items will fall into place when doing questions. Whether the question presents …

Customers of a business do not always pay for the goods and services that they receive. This poster on bad debts methods will help you to learn how to deal with these customers in accounting. When they owe money, you record them in an Accounts Receivable account which is an …

Once you learn ALICE accounts which are Assets, Liabilities, Income, Capital and Expenses, studying principles of accounts can be very easy. This FREE poster is perfect for you to accomplish this goal. When an entrepreneur starts a business, it is necessary to label every item with one of these 5 …