Monday, October 26, 2009

Accounting elements

Need and Importance of Accounting
Accounting: A Business Language
Book-Keeping
Book-Keeping Versus Accounting .
Accounting Versus Accountancy
Branches of Accounting
Objects of Accounting
Important Accounting Terms and Concepts
TRANSACTIONS AND ACCOUNTING EQUATION
What is an Event
Features
Classification
Rules for Deciding whether a Transaction is Cash or Credit
The Accounting Equation
Kffect of Business Transactions Upon the Accounting Equation
Setting up a Brand New Business
ANALYSIS OF BUSINESS
TRANSACTIONS AND DOUBLE ENTRY SYSTEM
A nalysis of Transactions
Double Entry System
Advantages of Double Entry System
Single Entry System
Distinction between Double Entry System and Single Entry System
What is an Account?
Classification of Accounts
Rules for Debiting and Crediting
Explanation of Rules

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