Tutorial Accounting Fundamentals: A New Look of British and American Accounting System


This paper aims to highlight the perception of graduate and undergraduate students regarding accounting fundamentals across British system and American system. The design of this paper is to derive a unique model which proves the both approaches are in same sense however, they are framed differently. Moreover, it provides a good justification of basic questions like why income and expense are treated as credit side and debit side of trading profit and lossaccount, respectively. Ultimately, it helps educators/instructors in influencing the perceptions of their students with regard to different accounting systems.

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N. Bhutta and S. Shah, "Tutorial Accounting Fundamentals: A New Look of British and American Accounting System," Open Journal of Accounting, Vol. 2 No. 1, 2013, pp. 16-18. doi: 10.4236/ojacct.2013.21004.

Conflicts of Interest

The authors declare no conflicts of interest.


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