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This comprehensive explanation introduces fundamental accounting concepts through a narrative approach following Joe Perez as he starts Direct Delivery, Inc., a parcel delivery business. The …

Review our outline and get started learning the topic Accounting Basics. We offer easy-to-understand materials for all learning styles.

Review our outline and get started learning the topic Debits and Credits. We offer easy-to-understand materials for all learning styles.

Review our outline and get started learning the topic Adjusting Entries. We offer easy-to-understand materials for all learning styles.

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of …

Review our outline and get started learning the topic Accounts Payable. We offer easy-to-understand materials for all learning styles.

Examples of General Ledger Control Accounts A common example of a general ledger account that can become a control account is Accounts Receivable. The summary amounts are found in the Accounts …

This comprehensive explanation teaches the foundational principles of debits and credits in double-entry accounting through a systematic, building-block approach. Beginning with account …