accounting

Accounting


I picked accounting for my topic and what it takes to be one. I’m taking classes for it and I like crunching numbers and I like taking numbers from one account to another account. You have to be really good with math and know where certain money goes in which account. There are some confusing stuff with mordancies and inventory and things like that because you can go in different accounts. For example you can sell your inventory and it would cost money to sell it so it would be taken out of your inventory and put into your cost of goods sold account. There are 2 different kinds of accounting there is periodic and perpetual accounting. Periodic accounting is more basic accounting so you can get the feeling of it. Perpetual accounting is more advance accounting. There are didn’t accounts and the financial statements are didn’t ways you can do them. There in a multi step income statement which is pretty long and there is a single step income statement which is really easy to do. It is fun to me but maybe not to other people.

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