[PDF] Quick reference Accounting 101 - Axium Quick reference 1 $. + + +. Accounting 101. This quick reference is for those who are new to accounting and need an introduction to some of its fundamental concepts. Accounting methods. Cash-basis accounting. In this method, transactions are recorded to the general ledger (GL) accounts at the time cash is affected, either payments or receipts.[PDF] Accounting Cheat Sheet - Learn Accounting Online for Free accounting equation Assets = Liabilities + Stockholders’ (Owner’s) Equity. classified balance sheet groups assets into the following classification: current assets, investments, property, plant and equipment, and other assets. Liabilities are classified as either current or long-term.