Accounting Basics, – TheWorksheets.CoM – Page 2

Accounting Basics, Part 1 - bookkeeping practice

Accounting and Records, Page 1 of 2 Cash-basis Accounting Single-entry record keeping Double-entry record keeping Accrual-basis Accounting These each have merit, purpose, and applicability. The business type/purpose and size and the ownership structure will determine which accounting method and record keeping system is