Accounting From Scratch

Accounting From Scratch 📚 Daily Accounting Quizzes
📝 Notes, Examples & Exam Tips
🎓 BBS | +2 | Beginners
✅ Follow to Master Accounting Step by Step

Understanding how long-lived assets appear on the Balance Sheet is essential for mastering financial accounting. 📚This i...
26/08/2026

Understanding how long-lived assets appear on the Balance Sheet is essential for mastering financial accounting. 📚
This infographic breaks down PP&E, accumulated depreciation, intangible assets, goodwill, and asset management ratios in a simple and visual way. Perfect for students, accounting learners, and finance professionals! 💡
Save this post for your accounting revision and share it with someone learning accounting. 📌

💰 Capital Expenditure vs. Revenue Expenses — Can You Tell the Difference?Understanding this concept is essential for eve...
23/08/2026

💰 Capital Expenditure vs. Revenue Expenses — Can You Tell the Difference?
Understanding this concept is essential for every accounting student and business professional. 📚
Capital Expenditure (CapEx) creates or improves long-term assets, while Revenue Expenses relate to the day-to-day operations of a business.
This infographic makes the definitions, examples, differences, and decision process easy to understand. Save it for revision! 📌

📚 Depreciation Made Easy!Confused about Depreciation and how it is calculated? This infographic breaks down depreciation...
21/08/2026

📚 Depreciation Made Easy!
Confused about Depreciation and how it is calculated? This infographic breaks down depreciation, amortization, accounting treatment, and the major depreciation methods with simple formulas and practical examples. Perfect for accounting students, beginners, and anyone preparing for exams! 📊
Save this post for quick revision. 🔖

🧠 Can You Get All 3 Correct?Test your accounting knowledge with these 3 tricky Long-Lived Assets MCQs! 📚Think carefully ...
15/08/2026

🧠 Can You Get All 3 Correct?
Test your accounting knowledge with these 3 tricky Long-Lived Assets MCQs! 📚
Think carefully before choosing your answers—especially Q3, where the wording can catch you off guard. 👀
👇 Comment your answers like this: 1-B, 2-C, 3-D
How many did you get right?

📚 LONG-LIVED ASSETS explained simply!Long-lived assets are resources a business uses for more than one accounting period...
15/08/2026

📚 LONG-LIVED ASSETS explained simply!
Long-lived assets are resources a business uses for more than one accounting period. They help businesses generate benefits over many years.
🏢 Buildings
⚙️ Machinery & Equipment
🚗 Vehicles
🪑 Furniture & Fixtures
🌳 Land
💡 Intangible Assets
Learn the features, types, accounting treatment, and depreciation of long-lived assets in one easy-to-understand note.
👉 Save this post for your accounting revision!

The "Knowledge Check" Style Ready to test your accounting prowess? 🧠 We’ve put together a quick MCQ challenge to see how...
09/08/2026

The "Knowledge Check" Style Ready to test your accounting prowess? 🧠 We’ve put together a quick MCQ challenge to see how well you know your liabilities! Drop your answers (e.g., 1A, 2B, 3C) in the comments below. Let’s see who gets a perfect score! 💯

📚 Estimated Liabilities vs Contingent Liabilities — Can You Tell the Difference?Understanding the difference between est...
08/08/2026

📚 Estimated Liabilities vs Contingent Liabilities — Can You Tell the Difference?
Understanding the difference between estimated liabilities, provisions, and contingent liabilities is essential for accounting students, finance professionals, and anyone preparing for accounting exams.
In this infographic, learn:
✅ Estimated liabilities with examples
✅ Contingent liabilities
✅ Income tax accounting entries
✅ Product warranty & guarantee accounting
✅ Accounts Payable & Notes Payable
✅ Current Ratio and its formula
📌 Save this post for quick accounting revision!

🧠 Can You Score 3/3 on Today's Accounting Challenge?Test your knowledge of Accounts Payable and Notes Payable with these...
07/08/2026

🧠 Can You Score 3/3 on Today's Accounting Challenge?
Test your knowledge of Accounts Payable and Notes Payable with these quick MCQs! Whether you're a student, accountant, or finance enthusiast, this quiz is a great way to sharpen your accounting skills.
👇 Comment your answers as 1-B, 2-C, 3-C and challenge your friends!
💾 Save this post for revision and share it with your study group.

📘 Master Accounting for Current Liabilities with One Complete Infographic!Understanding Current Liabilities is essential...
07/08/2026

📘 Master Accounting for Current Liabilities with One Complete Infographic!
Understanding Current Liabilities is essential for every accounting student and professional. This infographic covers Accounts Payable, Notes Payable, Accrued Expenses, Unearned Revenue, Current Portion of Long-Term Debt, journal entries, practical examples, and comparisons—all in one place!
💡 Save this post for revision and share it with your classmates.
👇 Which current liability topic do you find the most challenging?

07/08/2026

📚 ACCOUNTING FOR RECEIVABLES — COMPLETE GUIDE!
One reel. Four essential accounting topics. 🎯
In this reel, you'll explore:
✅ Accounting for Receivables
✅ Bad Debts under the Allowance Method
✅ Notes Receivable
✅ Important Receivables Accounting concepts
Whether you're an accounting student, business student, teacher, or aspiring accountant, this is a valuable revision resource. 📊
👉 Watch till the end, save it for revision, and share it with someone learning accounting!

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