Balance Sheet: Quiz

Study balance sheet terms like assets, depreciation, goodwill, and more with this fun quiz. Continue reading

Balance Sheet

Learn about the structure and contents of a balance sheet by examining one for the fictitious company Bogus Manufacturing, Inc. Continue reading

Declining Balance

This Formula Solver walks you through the steps to calculate depreciation with the declining balance method. Use your own numbers for the current value, salvage value, and years of life to find the depreciation for an asset in the current year. Continue reading

Debits and Credits

The most critical concept for any accounting student to master is an understanding of debits and credits. Many textbooks can be confusing, but this tutorial should put you on the right path. Continue reading