Professional Documents
Culture Documents
Acctg Process
Acctg Process
Acctg Process
1. Recording phase
- Identifying
Note:
External Events
2. Non- reciprocal
Internal Events
-Ex. Casualty Losses, Production (conversion of raw mats to
finished goods), Bilogical transformation (nagmature or
nanganak yung baboy, nagbago yung presyo. ( review mo yung
biological assets di ko magets sinsabi ng reviewer tsk.)
-Measuring
Bases of Measurement:
-Classifying
o Classify kung anong element yung affected nya. Ano yung idedebit at
icrecredit. Saang account dapat irecord.
Journalizing
2. Summarizing phase