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Free Accounting Cheat Sheet

Download my Accounting Equation Cheat Sheet and understand the basics in minutes.

Join 100,000+ students, bookkeepers and business owners learning accounting the simple way.


NEW: Accounting Practice Question Bundle

Build your confidence with over 500 beginner-friendly multiple-choice questions covering 25 essential accounting topics. Every question includes the correct answer and a clear written explanation.

 
Accounting Practice Questions Bundle (Second Edition)
$39.99

Build and test your accounting knowledge with 520 multiple-choice questions across 25 essential topics, plus a mixed-topic bonus pack. Every question includes the correct answer and a clear written explanation to help you understand the reasoning behind it.

What’s Included

  • 25 core accounting practice question packs

  • 1 bonus accounting practice question pack

  • 520 multiple-choice questions

  • Answers with clear written explanations

  • Start Here guide and Progress Tracker

  • PDF files for on-screen viewing or printing

  • Instant access via email after purchase

Bundle & Save

Buy all 25 topic packs together for $39.99 and save $84.76 compared with purchasing them individually. You’ll also receive the mixed-topic bonus pack at no additional cost.

Topics Covered

  • Accounting Foundations: Accounting Equation, Assets, Liabilities, Equity, Double-Entry, Debits and Credits

  • Recording Transactions: Bookkeeping Basics, T-Accounts and Journal Entries

  • The Accounting System: Accounting Cycle, Chart of Accounts, General Ledger, Subledgers and Trial Balance

  • Methods and Adjustments: Cash vs Accrual, Adjusting Entries, Depreciation and Amortization

  • Financial Statements: Income Statement, Balance Sheet and Cash Flow Statement

  • Closing Entries and Financial Ratios

  • Practical Topics: Invoices, Purchase Orders, Receipts, Accounts Receivable, Accounts Payable, Inventory, Cost of Goods Sold and Bank Reconciliation

  • Accounting Acronyms and Mixed-Topic Bonus Questions

Work through the packs in the suggested learning order or focus on the individual topics you want to improve. Use the included Progress Tracker to record your results and measure your improvement over time.

This is a digital product supplied as a ZIP file. No physical item will be shipped.

For personal use only. Files may not be shared, resold or distributed. Copyright © 2026 Accounting Stuff Pty Ltd.

All prices are in USD.

 

Accounting Stuff

Accounting Stuff is an online community of over one million subscribers. It contains a library of over 200 free tutorials. Click the button below to watch them.

 

 

 
 

About Me

My name is James Hearle and I’m an accountant from the UK, now based out of Sydney, Australia. I run a YouTube channel called Accounting Stuff, an online community with over 1 million subscribers. Accounting Stuff provides high quality accounting tutorials at no cost to help you learn accounting at home. I share all of the tips and lessons I have picked up during 6+ years working as a Qualified Accountant at the Big 4 and in Industry - at large Listed and Private Companies.

Connect with me here…


Free Invoice Template Pack

Includes 8 professional invoice templates, a paid receipt template and an invoice tracker. Everything you need to create, send and track invoices in Google Sheets.

 
 

Support

If you’d like to support me making more YouTube videos, then you’re welcome to buy my Cheat Sheets or my Practice Questions. I’ve also added YouTube channel memberships which you can access by clicking the ‘Join’ button on my channel. Or, if you’d prefer to leave an old fashioned donation then click here…

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