Summary Of Bookkeeping
Quick Summary of Bookkeeping
This video explains the key components of bookkeeping and accounting.
The topics discussed include:
- Bookkeeping Defined - what is bookkeeping and accounting ?
- Profits & Losses - what are profits and losses and how are they determined ?
- Bookkeeping Records - What records are required to properly perform the bookkeeping tasks namely journals and the general ledger ?
- Transactions - the starting point for entering financial information.
- Accounts - the framework used for recording, classifying, and summarizing transactions.
Summary Of Bookkeeping Video