BASIC ACCOUNTING CONCEPTS The Entity Concept: In accounting, the entity of business is considered separate from the existence of its owners. Accounts are kept for the entity…

Team Members Ashish Kumar Gagandeep Kaur Inderpreet Kaur Jasminder Singh ` Subsidiary books are the book of original entry and it is also called primary records because the…

1. Business Documentation DBS3024 BUSINESS TRANSACTION by Stephen Ong Visiting Fellow, Birmingham City University Business School Visiting Professor, Shenzhen University…

1. Accounting BasicsImportant DisclaimerImportant Note: The text in this chapter is intended to clarify business-related concepts. It is not intended nor can it replace formal…

1. Accounting Basics Important Disclaimer Important Note: The text in this chapter is intended to clarify business-related concepts. It is not intended nor can it replace…

Slide 1Chapter McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Accounting Records and Systems 4 Slide 2 4-2 Why learn basic record…

Slide 1APIPA 20101 PREPARING COMPONENTS UNITS FOR THE FINANCIAL STATEMENT YEAR END CLOSE Jeanne H. Yamamura CPA, MIM, PhD Slide 2 APIPA 20102 REVIEW OF TERMINOLOGY AND CONCEPTS…

1.UNIT STRUCTURE1. Learning Objectives2. Introduction3. Meaning Books of Account4. Meaning of Journal5. Journalising6. Meaning of Ledger7. Ledger Posting8. Balancing Of an…

1.UWIOC – ACCT 1002 E-Tutor Presentation (Unit Two) Presented by: Misty Dawn Floyd 2. Weekly Funny  3. Learning Objectives By the end of this presentation, students…

1. Recording of Transactions-II 4In chapter 3, you lear nt that all the business transactions are first recorded in thejournal and then they are posted in the ledgeraccounts.…