GO THROUGH THE SCENARIOS WITH YOUR FINGERS ON THE KEYS OF YOUR COMPUTER. WITHIN 16 HOURS, YOU WILL BE ABLE TO UNDERSTAND AND RECORD THE FOLLOWING TRANSACTIONS. Basic accounting tips Establishing a database for a new business Recording the owner's investment Recording fixed assets Tracking a loan with a long-term liability account Increasing owner's investment by bringing in a personal fixed asset Purchasing on account Recording cash purchases Recording sales on account and cash sales Merchandising accounting Selling on account to a customer with terms Purchasing on terms Creating a sale order Recording purchase returns and allowances Recording sales returns Dealing with uncollectible receivables And much more

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