Accounting covers the principles and practices of financial reporting, analysis, and management.
Accounting problems can seem tricky, but breaking them down step by step helps. Read each question carefully, identify what is being asked, and write out all the steps. Use the formulas you've learned and double-check your calculations. Practice makes perfect!
Drawing a T-account to visualize debits and credits.
Using a checklist to ensure all steps in a problem are completed.