A Review of Accounting

Who is considered to be the father of Accounting?

What is "Accounting"?

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What is "Finance?"

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What is the "General Ledger", or the GL?

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What is the "double-entry accounting system"?

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What is the "accounting equation?"

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What is a "T-Account?"

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What are "debits and credits"?

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What is the formula for calculating net income?

• Revenue - Expenses

• Assets - Liabilities

• Profit / Loss

• Gross Income - Taxes