Debit on the left, credit on the right: the simplest way to understand the basics of accounting

Why is there profit but no cash? What does the balance sheet hide? How to make entries without memorizing them? The book answers these and other questions that arise for those who encounter accounting. The author explains the basics of accounting and shows the logic behind the terms, accounts, and reports. The book is written for students, beginner accountants, entrepreneurs, and managers. It will help to understand why accounting is needed, master its terminology, see the connection between events in business and accounting entries, and learn to read financial statements. Definitions from laws and standards are translated into plain language, theory is linked to real tasks, and complex topics are broken down into understandable examples — without academic dullness, but with professional precision and humor. Alexey Ivanov — candidate of economic sciences, associate professor, participant in the development of federal accounting standards, and creator of the Telegram channel «Translator from Accounting» with an audience of over 50 thousand people.