Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Download
Standard view
Full view
of .
Add note
Save to My Library
Sync to mobile
Look up keyword
Like this
42Activity
×
0 of .
Results for:
No results containing your search query
P. 1
Basic Accounting

Basic Accounting

Ratings: (0)|Views: 2,561|Likes:
Published by Mahmoodul Haque

More info:

Published by: Mahmoodul Haque on Nov 19, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, PPT, TXT or read online from Scribd
See More
See less

05/09/2013

pdf

text

original

 
 
BASIC ACCOUNTINGBASIC ACCOUNTING
What is Book-keeping ?What is Book-keep
 
ing ?Book-keeping simply meansBook-keeping simply meansrecording of transactions. Inrecording of transactions. Inabsence of transaction, theabsence of transaction, thequestion of book-keeping does notquestion of book-keeping does notarise at all. So, transactions arearise at all. So, transactions arethe basic raw materials of book-the basic raw materials of book-keeping .keeping .
 
 
Some definitions of book-keeping:Some definitions of book-keeping:
"Book-keeping is the art of recording business"Book-keeping is the art of recording businessdealings in a set of books."dealings in a set of books."- J.R.BATLIBOI- J.R.BATLIBOI
"Book-keeping is the science of recording"Book-keeping is the science of recordingtransactions in money or money's worth in such atransactions in money or money's worth in such amanner that at any subsequent date, the naturemanner that at any subsequent date, the natureand effect of each transaction and the combinedand effect of each transaction and the combinedeffect of all the transactions may be clearlyeffect of all the transactions may be clearlyunderstood, and so that the accounts thus keptunderstood, and so that the accounts thus keptmay show the owner of the books the true finalmay show the owner of the books the true finalposition."position."- L.C.Cropper- L.C.Cropper
Thus ,book-keeping teaches us the correctThus ,book-keeping teaches us the correctprocess of keeping records of businessprocess of keeping records of businesstransactionstransactions
..
 
 
What is Accounting ?What is Accounting ?
Accounting is defined by theAccounting is defined by theAmerican Accounting AssociationAmerican Accounting Association(AAA) as :(AAA) as :"the process of identifying,"the process of identifying,measuring and communicatingmeasuring and communicatingeconomic information to permiteconomic information to permitinformed judgments and decisions byinformed judgments and decisions bythe users of the information".the users of the information".

Activity (42)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
ttariq_jjaved liked this
Ajit Chaudhari liked this
Hoorah18 liked this
Amjath Jamal liked this
Vinay liked this
chakrabor liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->