A Review of Accounting

Who is considered to be the father of Accounting?

What is "Accounting"?

What is "Finance?"

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

What is the "double-entry accounting system"?

What is the "accounting equation?"

What is a "T-Account?"

What are "debits and credits"?

What is the formula for calculating net income?

• Revenue - Expenses

• Assets - Liabilities

• Profit / Loss

• Gross Income - Taxes