Monthly Archives: March 2013

Consolidated Statement of Comprehensive Income in 3 steps

Students often find a consolidated statement of comprehensive income question more difficult that a consolidated statement of financial position question.  In reality you can complete a consol SCI question in just three easy steps. Continue reading

Revaluations and depreciation

Should you calculate depreciation before or after the revaluation?  This depends on the date of the revaluation.

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How to remember debits and credits?

There are many different ways to remember your debits from your credits.  Here are a couple for you to try: Continue reading

Where does accounting start?

Everything in accountancy starts with the accounting equation:

Assets – Liabilities = Equity

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