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Introduction: Accounting is language of business hence to convey the same meaning to all people world wide, accounts have devel... -
Recording : It is concerned with recording all the financial transactions in orderly manner in the proper books of accounts. Transaction ... -
For every transaction there are two aspects. One is called Debit and the other is called Credit. The debit and credit aspects of a... -
The business transactions are recorded in two ways. They are: Single entry system and Double entry system. Single Entry System This ... -
Accounting provides useful information relating to business. Such information is used directly or indirectly by the following interested ... -
The following are the different terms that are used in accounting language some of them are presented below. Entity: An ... -
All the business transactions are to be recorded in the journal in the form of debit and credit. This is the second stage in accounti...
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The purpose of any business is to make profit through customer’s satisfaction. To make profit some business activates (Economic activitie... -
Financial Accounting Cost Accounting Management Accounting 1. Financial Accounting: It is a process of recording, classifying, summe... -
An accounting cycle is a complete sequence beginning with the recording of transaction and ending with preparation of financial statements...
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