Nov 10, 2025

Accounting

• Accounting is the process of recording, measuring, and communicating financial information about a company.

How do I remember it?

• Think of Accounting as "the language of business."

Real world example

• You begin a Small Tech Startup

The company earns $100,000 from software sales (revenue).

It spends $60,000 on salaries, office rent, and equipment (expenses).

• Accounting shows a profit of $40,000 and tracks assets like computers and cash.

It is like the financial scoreboard for your business, helping you make smart decisions!