78 Basic Accounting Terms and Concepts

By Amber Deter Money rules the world. From Fortune 500 companies to the dollar bills in your wallet, money is what makes the world go ‘round. Although, many people lack a basic understanding of money. That’s why we put together this list of basic accounting terms and concepts.
After reading through these terms, you’ll have a better understanding of the money world. Whether it’s to understand your bank statements or to help you get involved in the business world, these basic accounting terms will help you get a foot or two in the door.

Accounting – Accounting is a process of recording, summarizing, and communicating …read more

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