Magic of Accountancy

Gleiten: 1
Hootie and Eliza went to Hootie treehouse to understand accountancy
you need to learn profit ,loss ,expense , revenue and profit=revenue - expense
what if expense are more than revenue will it be loss??
Gleiten: 2
what if the expense will be more than revenue ?? will it be loss??
Think of it as a balanceing Hoptie hooted, drawing a scroll scale, Eliza," "on the one. side you have your income and on the other account you have your expenses. A good keeps the scale balanced"
Eliza's eye widened, she learned about debits and credits, journal and ledger It seemed like a whole new language at first but with hootie's patient guidance. ance. she began to under the magic of accounting
Gleiten: 3
the next day, Eliza exciteally put here neufound knowledge to to work she created a colourful chart track her income .every sale and purchase was carefully recorded As weeks twined into months, Eliza felt a sense of control she never had before. She knew exactly how much flowe she needed, how many eggs to buy, and most importantantly,whether she was making a profit or hotThe land of Sweets flourished!
Now i know how much flour do i need, how much profit i made .finally i understood the magic of accounting .

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