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Accounting Foundations

The bedrock of financial accounting, worked as interactive scenarios: what accounting is and the accounting equation, accounts and debits & credits, journal entries, receivables and payables, adjusting entries, financial statements, and the accounting cycle. Start anywhere — it's free.

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Chapter 1 · 5 Types of Accounts

Chapter 2 · A = L + E?

The accounting equation — and the first entry ever

Chapter 3 · The Accounting Cycle?

Scenarios coming soon.

Chapter 4 · Debits & Credits?

Scenarios coming soon.

Chapter 5 · Journal Entries?

Chapter 6 · Receivables & Payables?

On credit, both chairs — AR and AP lifecycles

Chapter 7 · Posting to T Accounts?

Scenarios coming soon.

Chapter 8 · Adjusting Entries?

Chapter 9 · Trial Balances?

Scenarios coming soon.

Chapter 10 · Financial Statements?

The statements are a relay — IS → RE → BS

Chapter 11 · Closing Entries?

Closing the books — reset the scoreboard

Chapter 12 · Important Principles?

Scenarios coming soon.