What is a T-account? A T-account is a T-shaped representation of accounts in your general ledger, thus the name. T-accounts can serve as a visual aid […]
The accounting process involves recording financial transactions of an individual or a business. This process includes summarizing, analyzing, and reporting financial transactions. Accounting can be challenging […]
Every business needs a business structure. The structure you choose for your business influences your operations, taxes, and the number of personal assets that are at […]