Basic accounting can be a daunting task for many students, so using a FREE accounting poster is very helpful to make the learning process easier. In the Accounting Cycle, there are many steps, some of which are the responsibilities of a bookkeeper and some are done by the accountant. When …

Learn about 6 tax types with these 5 FREE worksheets. Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Students must know about tax types in basic accounting to do the financial statements properly. Also, you can learn about tax types even if …

Profit and loss can be an easy topic in mathematics where you buy something and sell it to gain or lose money. In accounting, however, calculating profit and loss can be a bit more technical. You need to know what falls under income and expenses in the ALICE accounts before …

The topic interest and discount may be simple enough to cover within a short accounting session, so why not make it interesting with these 5 FREE worksheets. Make sure that students really know what are interest and discount and the difference between discount received and discount allowed. Some teachers may …

Let’s look at the term ‘debit credit’ that is commonly used in accounting to describe the double entry system. For every debit entry that you record, there must be a credit entry. When you pay rent with cash, you debit the Rent account and credit the Cash account. This is …