# Basics Of Accounting

> Educational app for understanding fundamental accounting principles and terms. (iPhone/iPad app by rahul baweja.)

- Source: https://appshunter.io/ios/app/basics-of-accounting/id1121519827 (this page in markdown: same URL + `.md`)
- Developer: [rahul baweja](https://appshunter.io/developer/804610215)
- Category: Education
- Price: Free
- Rating: 5.00/5 from 2 App Store ratings
- Age rating: 4+
- Requires: iOS 6.0 · 28 MB
- Languages: American English
- Released: 2016-06-10
- Data updated: 2026-06-11
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/basics-of-accounting/id1121519827/reviews.md

## What is Basics Of Accounting?

This Basic Accounting app will show you the very basics of accounting. You can complete it in about an hour.
This course is intended for business owners, business students, managers or anyone who wants to understand basic accounting. It presents the information in an understandable format. Even if you have taken an accounting course you will find the material insightful.
This Basic Accounting App has been made to teach you what the specific terms means which we usually see in different phases of our Job papers or business docs. Anyone can get basic idea about each of the accounting basics that are truly needed in our daily lifestyle.
The Application is developed for the users to help then understand the Accounting .
A lot of information about Accounting Basics.

Here are the essence of what have been covered here:-

* Ledger. 
* Statement of Cash Flows. 
* Current Assets & Fixed Assets. 
* Inventories. 
* Depreciation. 
* Final Accounts
* What is Accounting with types. 
* Financial Statements. 
* Accounting Elements. 
* Transaction. 
* Recording Process. 
* Debits and Credits. 
* Journal.
* Financial Ratios
* Accounting Principles
* Bookkeeping, Debits and Credits
* Accounting Equation
* Adjusting Entries
* Bank Reconciliation
* Petty Cash
* Formula of Financial leverage
* Formula of Shareholder ratios
* Formula of Return ratios
* Formula of Operating cycle
* Formula of Liquidity
* Formula of Profitability
* Formula of Activity
* Accounting Terms

## Key features

- Accounting terms explained
- Ledger and financial statements
- Assets and depreciation
- Debits and credits
- Financial ratios and formulas
- Bookkeeping basics


## Frequently asked questions about Basics Of Accounting

### What accounting topics does Basics Of Accounting cover?

Basics Of Accounting covers a wide range of fundamental topics including ledgers, financial statements, assets, depreciation, debits and credits, and various financial ratios and formulas. It aims to provide a comprehensive overview of essential accounting concepts.

### How long does it take to complete the course in Basics Of Accounting?

The app is designed to be completed in approximately one hour, offering a concise and efficient way to learn basic accounting principles.

### Is Basics Of Accounting suitable for beginners with no prior knowledge?

Yes, the app is intended for anyone who wants to understand basic accounting, presenting information in an understandable format. It's ideal for those new to the subject.

### What devices can I use Basics Of Accounting on?

Basics Of Accounting is available on iPhone, iPad, and iPod devices, making it accessible for users within the Apple ecosystem.

### How often is Basics Of Accounting updated?

The app was last updated on August 16, 2016, with version 1.2. While updates have not been frequent recently, the content provided is foundational.

### Does Basics Of Accounting offer certifications upon completion?

The provided information does not mention any certifications being offered upon completion of the course within Basics Of Accounting. It focuses on knowledge acquisition.

### What is the user sentiment for Basics Of Accounting?

Basics Of Accounting has a perfect rating of 5.0 stars from 2 ratings, indicating a very positive user sentiment among its current users.

### Does Basics Of Accounting have ads?

No, Basics Of Accounting does not contain advertisements, providing an uninterrupted learning experience for its users.

## Version history (last 2 releases)

### 1.2 — 2016-08-16

This app has been updated by Apple to display the Apple Watch app icon.

fixed up few bugs.

### 1.0 — 2016-06-09

No release notes.

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-11.*