mdct.ru

mdct.ru provides a wide variety of tutorials, examples, references, and no-nonsense advice on bookkeeping and accounting. It aims to answer all those questions you’ve always wanted to ask . . . and some you didn’t know you needed to.

At mdct.ru.com you will learn how to understand and use your accounting records to manage your business. We offer free tutorials in all aspects of bookkeeping and accounting.

mdct.ru Tutorials

Select a category from the menu to the left or chose one of the Tutorials below.

Popular Tutorials

mdct.ru Examples

The best way to learn is to look at examples. At mdct.ru.com you can look at examples of how you can apply the principles and concepts discussed in the Tutorials in practice.

Bookkeeping Example
Account Debit Credit
Accounts receivable 100
Revenue 100
Total 100 100

Select a category from the menu to the left or chose one of the Examples below.

Popular Examples

mdct.ru References

At mdct.ru.com you will find references for all our topics. The references are usually in the form of tables and serve as quick guides or cheat sheets for each bookkeeping and accounting topic.

Popular References

mdct.ru Quizzes

Test your knowledge of debits and credits. At mdct.ru.com you will find a selection of accounting quizzes.

Popular Quizzes


Accounting Templates

You can find free double entry accounting templates, accounting forms, bookkeeping templates and bookkeeping forms.

Popular Accounting Templates


Bookkeeping Glossary

At mdct.ru.com you will find an A to Z guide to the world of bookkeeping and accounting.

Popular Glossary Terms


Double Entry Accounting Ratios

You will find information on what are considered to be the most important accounting ratios used in managing a business.

Popular Accounting Ratios

What is Bookkeeping?

When you set out to start a business as an entrepreneur you need to be in control of your finances and be able to monitor closely the overall performance of the business. The only way to achieve this is to have good accounting information and be able to understand what the information is telling you.

Bookkeeping is the process of recording all your business transactions to produce a set of accounting records, it is the start of the accounting process which allows you to produce useful accounting information such as details of your sales, expenses, working capital etc.

A Bit of History on the Double Entry Accounting System

mdct.ru is a system of bookkeeping which records each transaction twice. The system was first developed in the 13th century and used by Italian merchants. In 1494 Luca Pacioli a monk and mathematician was the first to publish a treatise which included details of mdct.ru and recommended the Venetian method which included three books of account, the memorandum, the journal, and the ledger. The treatise was widely available and accessible and formed the basis of mdct.ru practiced today.

The first entry records what comes into the business (a debit) and the second entry what goes out of the business (a credit).
debit credit mdct.ru

Every Debit must have a corresponding equal and opposite Credit.

mdct.ru

All businesses are under pressure from all sides and only well managed businesses will survive. We started the website with one clear objective in mind to offer users a wide variety of tutorials, examples, references, and no-nonsense advice on small business bookkeeping and accounting.

We aim to give you the information you need to help you understand and use your accounting records to manage your business. We make mdct.ru and accounting more usable, easier to navigate, faster and more reliable. In other words: we make your mdct.ru system records work.

Whilst there are many places that you can learn double entry accounting and bookkeeping, they tend to provide you with a confusing array of information. The first requirement for any business is to know what you’re doing, and what you’re aiming for. The only way to do that is to have good double entry accounting system records to provide quality accounting information and to be able to understand what that information means for your business.

mdct.ru December 14th, 2017Team

Related pages


npv functiondebtors collection period exampleaccounting accrued expensefifo vs lifohow to calculate a quick ratiocalculate markup from marginsales invoice double entryfuture value table annuitymarkup percent formulahow to calculate double declining balancesimple accounting format in excelinterest coverage ratio calculatorbalance formula calculatorbearing notespetty cash log bookblank worksheet templatevariable overheadsbasic accounting knowledge testfob shipperhow to calculate direct materials purchaseddiscounting notes payabledeclaring a cash dividendhow is inventory turnover calculatedcalculate pmt in excelexamples of indirect labor costsexamples of perpetuityexcess and obsolete inventory accountingmanufacturing accounting entriesfind profit percentage formulacontribution margin examplepv function in exceldebtors days ratio formulawip balance sheetformula of acid test ratiofinancial forecast template excelwhat is intangible goodsadjusting journal entries prepaid insuranceestimated manufacturing overhead costmargin and markup formulasapplied fixed overheadcalculate gp marginthe balance of a control account in the general ledgerhow to calculate straight line amortizationcalculate the price of a zero coupon bondaccount receivable turnover ratepmt accountingprice variance calculatordirect costing formulacvp income statementis unearned revenue on the balance sheetfactoring accountsrecording depreciation expense journal entrydaily timesheet templatedeferred revenue purchase accountingsum of the years digits calculatorbasic bookkeeping testannual equivalent rate calculatorbank reconciliation statement problemscommon size balance sheet examplefuture value and present value formulasefficiency ratio inventory turnover formuladefine creditors in accountingbond discount amortization schedulemirr calculation examplemeaning of double entry bookkeepingwhat is debtors turnoverredeemable preferred stockaccounting general ledger examplesweighted average with percentagesjournal entry for uncollectible accountspresent value of annuity calculationassignment of accounts receivablebasics of balance sheet analysishow to calculate markup on costimprest accounting