— BLOG —

Accounting, Explained

Guides, practice tips, and IFRS/GAAP insights from the Accountely team.

July 27, 2026

Adjusting Entries: The 5 Types Every Accounting Student Must Master (With Examples)

Adjusting entries are where most students lose points on exams. Here are the five types you will always see, each with a worked example.

Read more →
July 21, 2026

Debits and Credits Explained: A Beginner-Friendly Guide That Sticks

Forget memorising tables. Understand the one rule behind debits and credits, see it applied to every account type, and learn the DEALER mnemonic that makes it stick.

Read more →
July 21, 2026

Income Statement vs Cash Flow Statement: What Actually Differs?

Profit is not cash. Learn what the income statement and cash flow statement each measure, why a profitable company can run out of money, and how the two statements reconcile.

Read more →
July 21, 2026

How to Prepare a Balance Sheet Step by Step (with Example)

A practical, step-by-step guide to preparing a balance sheet: ordering assets and liabilities, classifying current vs non-current items, and making it balance — with a worked example.

Read more →
July 21, 2026

Journal Entry Practice Problems with Solutions (10 Worked Examples)

Ten journal entry practice problems with full solutions and explanations — from owner investment to accrued expenses. Learn the debit/credit logic behind each one.

Read more →