Tag: equity
Part 4 – Types of Accounts
Posted on: April 07, 2011 by total
The Different Types of Accounts Now that we understand how to increase and decrease different accounts, we can talk about the meaning of the different account types. This is where we actually start to understand accounting. All accounts fit into 5 overarching account types: assets, liabilities, equity, expenses, and Income. So, we know, from before, […]