1 BASICS Meaning of Accounting: According to American Accounting Association Accounting is âthe process of identifying, measuring and communicating information to permit…

THIRUVALLUVAR UNIVERSITY â VELLORE FINANCIAL ACCOUNTING â UBA21/SBA32 â (KEY) SECTION â A (10X2=20) 1. A subsidiary account is an account that is kept within a subsidiary…

Definitions: âBook keeping is an art of recording business transactions in set of books in accordance with the principles of book keepingâ âBook keeping is also a science…

BASICS BASICS Meaning of Accounting: According to American Accounting Association Accounting is âthe process of identifying, measuring and communicating information to permit…

Accounting Cycle Transaction Journal Entries Ledger Trial Balance Trading and Profit & Loss Account Balance Sheet illustration T- 1: Bharath started business with the…