The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

However, as accounting involves the manipulation of data expressed in numerical terms, students should have a basic grounding in mathematics. This course will suit you if you wish to develop a strong ...

The term "accrual" refers to any individual entry recording revenue or expense in the absence of a cash transaction Most businesses typically use one of two basic accounting methods in their ...