Documents Basic Accounting Concepts AA Roundup May 30, 2007.

Slide 1Basic Accounting Concepts AA Roundup May 30, 2007 Slide 2 What is Accounting? Accounting is a process by which financial activities are organized, recorded, analyzed…

Documents 5-1 Double-Entry System CHAPTER 5. 5-2 Double-Entry System The double-entry system is considered as....

Slide 15-1 Double-Entry System CHAPTER 5 Slide 2 5-2 Double-Entry System The double-entry system is considered as the heart of modern accounting. All accounting systems operate…