About the Accounting Basics category

Questions on fundamental accounting concepts, principles & practices.:waving_hand:

This space is designed for anyone learning accounting from scratch or
just refreshing their fundamentals.

Post here if you have basic queries related to accounting & finance for e.g.

  • Journal entries, debit and credits

  • Fundamental concepts like ledger posting, trial balance prep, etc.

  • Financial statements, bank rec, accruals, depreciation, etc.

  • Anything else that is basic

  • How to get the best answers:
    Try to be descriptive & clear.

Ground rules:

  • Do not dump homework ir anything 1
  • One question per topic
  • Mark the best reply as Solution so others can find it easily

Who is this for:

  • Students (Commerce, MBA, CA Foundation, etc.)
  • Business owners learning their own books
  • Working professionals refreshing their basics

There are no silly questions here. Everyone starts
somewhere. :raising_hands: