studynatic

studynatic

2. Basic Accounting Terms

                          BUSINESS TRANSACTION (STUDYNATIC)                ‘Business Transaction’ means a financial transaction or economic event entered into by two parties that initiates the accounting process of recording it in the books of account of an enterprise. It is an agreement between…

1. Introduction to Accounting

                                       WHAT IS ACCOUNTING                Accounting is a process of identifying the events of financial nature, recording them in journal, classifying in their respective ledgers, summarizing them in Profit and Loss Account and Balance Sheet and communicating the…

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