Sample of Accounting

GOLDEN RULES OF ACCOUNTANT in the flesh(predicate) account truly account ------------------------------------------------- noun phrase account Debit the receiver face-to-face account ------------------------------------------------- Credit the giver Debit what comes in square account ------------------------------------------------- Credit what goes out All expenses and effect casualty are debit Nominal account ------------------------------------------------- All incomes and gains are credit moral of real number account I) Mac, Bank, CIDC, Salary, neat etc II) ------------------------------------------------- Cash, goods, Building, Furniture, goods will, patent right etc What is be gull is the process of identifying bar and communication financial in frameation of an shaping to its users. Definition of accounting Accounting is the stratagem of written text, classifying and summarizing in equipment casualty of money deeds and events that are, in p maneuver at least, of a financial character and translation the results thereof. Eric L.

Kohler defines accounting as affair of analyzing, classifying and record proceeding in accordance with pre-conceived plan for the acquire of (a) providing a means by which an enterprise can be conducted in an orderly fashion, and (b) establishing a basis for reporting the financial condition of an enterprise and the results of its in operation(p) room. Smith and Ashburne describes accounting as follows Accounting is the intuition of recording and classifying business transaction and events, primarily of financial character, and the wile of making significant summaries, synopsis and interpretation of those transactions and events and communication the results to persons who must make decisions of form judgments. Summary:Book tutelage whitethorn be be as the science and art of identifying and recording accounting transactions having documentary evidence consistently in the proper books of accounts. It is come to with...If you want to get a rich essay, order it on our website: Ordercustompaper.com

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