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Chapter 2. Accounting 101 > Introduction to Accounting

Introduction to Accounting

This chapter introduces you to accounting terms such as chart of accounts, assets, liabilities, equity, debits, and credits. As a former accounting instructor who taught introductory-level accounting courses to people who were new to these terms, I have a good feel for just how obscure some of this material can seem to the uninitiated.

Before you skip ahead to future chapters, give me a few minutes to convince you that there are easy ways to look at these basic accounting concepts and that your experiences using QuickBooks over the years will be better for having learned about them.


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