Learn Accounting & Finance For Free For students, Professionals, Educators & Business ownersOur Lessons Why Land is not Depreciated? (2 Exceptions) Read More » Assets that Can and Cannot Be Depreciated Read More » Direct Material Quantity Variance Read More » Direct Material Price Variance Read More » Effects of Transactions on Accounting Equation Read More » Liabilities Vs. Equity: What’s the difference Read More » The Accounting Equation: A Beginners’ Guide Read More » What is Owner’s Equity? How to Calculate it Read More » Assets in Accounting: A Beginners’ Guide Read More » Difference between Assets and Equity Read More » Accounting for Repairs and Maintenance Costs Read More » Depreciation Base of Assets Read More » Sum of Years’ Digits Depreciation Read More » Straight Line Depreciation Method Read More » Double-Declining Balance Depreciation Method Read More » Average Cost Method of Inventory Valuation Read More » Difference between Assets and Liabilities Read More » Last-In First-Out (LIFO Method) Read More » First-In First-Out (FIFO Method) Read More » A Simple Introduction to Accounting Read More » 19 Types of Expenses Read More » Relationship Between Financial Statements Read More » Difference between Assets and Expenses Read More » 10 Elements of Financial Statements Read More » Why Does Every Accounting Transaction Have 2 Effects? Read More » Why must Accounting Equation always Balance? Read More » Why do Managers & Employees Need accounting information? Read More » Why do creditors need accounting information? Read More » Why Should A Balance Sheet Always Balance? Read More » Is Income a debit or credit? Read More » Business Entity Principle Read More » Capital and Revenue Expenditures Read More » About the Author Ammar Ali Ammar Ali is an accountant and educator. He loves to cycle, sketch, and learn new things in his spare time.Why accountingo? Learn at your own pace Interactive Learning Free of cost
