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Popular Accounting Topics

Accounting for Merchandising Activities
Debits and Credits (Double Entry Accounting)
Time Value of Money & Present/Future Values
Complex Debt & Equity Instruments
Common Stock & Shareholder's Equity
Accounting & Finance Ratios
Valuing Common Stock
Corporate Income Taxes
Lower of Cost or Market (LCM) & Inventory Valuation
Chart of Accounts & Bookkeeping
Bonds Payable & Long Term Liabilities
Capital Assets

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Accounting Cycle

The cycles repeated each fiscal reporting period for the purpose of preparing financial statements for users. Accounting cycle ranges from performing transactions, recording transactions in the general ledger & subledger, closing the accounts to income summary during year end, producing financial statements and resetting the income statement accounts to $0 for reporting in the next accounting cycle (in the following year).

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