Addictive Accounting vs Labyrinth Library

An Interactive Accounting Textbook with an Accounting Software Simulator. Over 4 hours of FREE bookkeeping lessons and practice problems. A revolutionary course that uses a new method of teaching bookkeeping and accounting that can be easily learned by anyone! No previous bookkeeping or accounting knowledge is needed. It is becoming known as the perfect college accounting prep course as it properly prepares students at all levels for advanced accounting using a built in accounting software simulator. Lessons are divided into sections which take on average 2 to 5 mins to complete. No ads and no personal data collected. SIMPLIFIED EXPLAINATIONS The perfect companion course for all accounting students and business owners. A COURSE FOR ALL COUNTRIES Whether you live in the USA, Europe, Canada, Africa, Asia, or the Middle East, our Addictive Accounting course is for you! In a world of diverse interests, one thing remains standard, the double-entry bookkeeping system. As the saying goes, money runs the world and the world has agreed to measure its money using the double-entry bookkeeping system. Once you learn the fundamentals of the double-entry bookkeeping system, learning how your particular country measures its finances will be exceptionally straightforward. A COURSE FOR ALL ACCOUNTING SOFTWARE Imagine trying to learn multiplication and division without having first learned how to add and subtract! It makes no sense to try and learn how to do multiplication and division without having first mastered addition and subtraction. The same concept is true for accounting software. If you learn the double-entry bookkeeping system, knowing how to efficiently use ANY professional accounting software will be so much easier! PLENTY OF PRACTICE The only way to really learn bookkeeping and accounting is by actually doing it, which is why the Addictive Accounting app contains a proprietary interactive accounting simulator. The simulator will teach you how to create and interpret all the journal entries required to run a business using the journal, general ledger, chart of accounts and financial statements. UPON COMPLETION, YOU WILL UNDERSTAND: . The journal, general ledger and chart of accounts . The relationship between property and ownership . Assets, Liabilities, Capital and Profit . The true meanings of debit and credit . How to make journal entries . How to record purchases and sales . How to record sales tax . Accounts receivable and payable . Commonly used bookkeeping accounts . How to reconcile . Profit margin and gross and net profit . Normal and contra balances . The difference between cash, modified cash and accrual profit . Depreciation and how to calculate and record it . Cash statement . Profit statement . Equity statement . Balance sheet . How to record paying contractors . How to record paying employees . The payroll registry . Deductions and withholdings . Income taxes . And more

Take your learning on the go with Labyrinth Learning’s companion e-reader app. With anytime, anywhere access to your learning and multimedia content from your mobile device, you can keep up with your studies while you keep up with your day. • Learn anywhere with offline access to all learning and multimedia content • Check your understanding with self-quizzes that give immediate feedback • Listen to your books with the text-to-speech feature • Highlight text, take notes, bookmark pages – all synced to your account across all your devices • Customize text settings and preferences • Search for words or phrases and see the results in context • Access alternative text for images to support all learners Requirements: • Active Labyrinth Library account • One or more books redeemed in your account