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Saturday, July 22, 2017

What’s the Difference Between Accounts Receivable and Accounts Payable?

If you’re thinking about joining the accounting profession, you’re more than likely to be familiar with the terms ‘Accounts Payable’ and ‘Accounts Receivable’, but...

What are the Accounting Standards?

The accounting standards are principles that guide and standardise accounting practices. The acronym GAAP stands for ‘Generally Accepted Accounting Principles’. It’s a term used...

How to Run Your Own Accountancy Practice

  The idea of working within a practice and having a boss doesn’t appeal to a lot of people, which is why some people would...

What Are Assets, Liabilities and Capital?

If you are keen to train as an accountant, or perhaps you are already in the process of training, you’ll find the following three...

Basic Accounting Principles You Should Know

If you’re planning on entering into an accounting profession, it’ll help to familiarise yourself with the accounting principles. The principles are in place to...

What Are the Accounting Principles?

Generally Accepted Accounting Principles (GAAP) are the most commonly recognised principles within accounting. They are adhered to by a wide number of companies all...