Documents Introduction

1. Accounting cycle’s 1 2. Accounting cycle’s 2 Introduction Purpose of Accounting Accounting plays an important role in our economic system. The primary purpose of accounting…

Documents PRESENT ACCOUNTING SYSTEM ON IR IS CASH AND NOT ACCRUAL BASED. THIS IS IN CONSONANCE WITH GOVT....

Slide 1 Slide 2  PRESENT ACCOUNTING SYSTEM ON IR IS CASH AND NOT ACCRUAL BASED. THIS IS IN CONSONANCE WITH GOVT. ACCOUNTING RULES BUT, FOR A COMMERCIAL ENTITY, IT DOES…