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Sunday, 6 May 2018

A.L.C.E.R: The best trick to remember main accounting heads.


Yes, You read that right. A.L.C.E.R an acronym which sounds like a very harmful desease will help you in remembering the most cofusing names of accounting heads. Which many students struggles to remember while studying basics of accounting.

This technique is developed by one of my teachers, when I first studied this technique. It really helped me in not only remembering the names of accounting heads, but also in developing my concepts.
The technique is as follows.
A=Assets.
L=Liabilities
C=Capital
E=Equity
R=Revenue
This acronym comes very handy, and very easy to memorize. So read it, memorize it, and share it with your friends.

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