OutsiderHex

Hello readers, in this series of posts I will discuss some of the basic foundations of accounting theory. Specifically I will talk about the...

Happy New Year! This year we should all resolve to learn a little bit more about accounting huh? In today’s entry we’re going to look at t...

For the better part of the last 800 years accounts have relied on one particular tool. This tool is the double entry bookkeeping methods tha...

Assets = Liabilities + Owner’s Equity* *Sometimes called Shareholder’s Equity, or Capital – but nonetheless the same concept Those 3 piece...

In common language the terms expense, expenditure, and cost have similar meanings. For example when renting an apartment you might ask what ...