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Double Entry,Recording Stocks, Purchases L 2

Double Entry,Recording Stocks, Purchases L 2

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Published by charos90

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Published by: charos90 on Jan 14, 2010
Copyright:Attribution Non-commercial

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04/28/2011

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Introduction toIntroduction toAccountingAccounting
U nit
 
2
:
Principles of Double Entry-Recording stocks, sales and  purchases
 
 ObjectivesObjectives
 
After you have studied this chapter, youshould:
Understand what is meant by thedouble entry system
See how the double entry systemfollows the rules of the basicaccounting equation
Be able to enter transactions using thedouble entry system
 
Business TransactionsBusiness Transactions
An event that affects the financialposition of a company is abusiness transaction.
Every transaction has to berecorded.

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