Accounting



Most popular accounting questions from 2011


Here are the 20 most popular posts from the Accounting Coach Blog during 2011. New questions will be answered starting January 2012.

  1. Why does LIFO usually produce a lower gross profit than FIFO?
  2. What is depreciation?
  3. Why is interest expense a nonoperating expense?
  4. When do you put parentheses ( ) around a number?
  5. What are cost flow assumptions?
  6. In bookkeeping, why are revenues credits?
  7. How do I start a petty cash fund?
  8. Which date is used to record a credit card transaction?
  9. What is meant by the full cost of a product?
  10. What does a debit signify in bookkeeping?
  11. What is double-entry bookkeeping?
  12. What is a restrictive endorsement?
  13. What is cost accounting?
  14. How do you calculate opportunity cost?
  15. What is setup cost?
  16. What is budgeting?
  17. What is accrued interest?
  18. What is the three-way match?
  19. What is capital budgeting?
  20. What is the proper use of the words lend and borrow?
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the accounting coach

About the Author: Harold Averkamp (CPA) has worked as an accountant, consultant, and university accounting instructor for more than 25 years.

He is the creator of the AccountingCoach Pro which has been praised for its ability to simplify accounting in a way that anybody can understand.

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