Everyone needs to budget money and manage costs, whether for groceries and everyday purchases, rent or mortgage, education, retirement, or even a business. Like it or not, accounting infuses most everything in life. From credits, debits, and basic bookkeeping to getting the most out of tax deductions to creating a business plan to better understanding accounting lingo, The Handy Accounting Answer Book can help anyone with the skills to run a business, plan for retirement, establish everyday budgets or budge for a big purchase, and improve money management acumen. Covering accounting fundamentals, concepts and jargon, this handy primer answers nearly 800 questions on the basics of accounting, including What are the elements of financial statements? How do you know if a company is doing well? What is a journal entry? How is the budget prepared? What is the first things that must be done when starting a small business? What are the key components of a business plan?