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, […]

Read More

Tags: account values, accounting, accounting book, accounting books, Asset, assets liabilities equity, benefit, bill, bottom line, Credit, debits credits, equity, financial statements, good, income, industry software, liability, position, Receivable, Seriously, software, type, Types, underling, way