Accounting principles and procedures are relevant to all business activities, regardless of the type of business entity or the form of enterprise. Two of the most common forms of business enterprises ...

Regardless of the type of company you run, the same basic accounting equation applies: The value of your company's assets is equal to its total liabilities plus the owners' equity in the firm.

Accounting is a comprehensive system for collecting, recording, classifying, summarizing, interpreting, and communicating financial information. It is often referred to as the language of business as ...