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  • BBK Accounting Presentation 15-11

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    Bookkeeping is the process of recording all financial transactions and is part of the overall accounting process. It involves preparing source documents and maintaining detailed records of transactions in a double entry bookkeeping system. Accounting then uses the bookkeeping records to prepare financial statements, such as the income statement which calculates profit and loss, and the balance sheet which shows the assets and liabilities of a business on a given date. The overall accounting process involves identifying transactions, measuring them in monetary terms, recording them systematically, and communicating the results through prepared financial reports.

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    BBK accounting presentation 15-11

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    Bookkeeping is the process of recording all financial transactions and is part of the overall accounting process. It involves preparing source documents and maintaining detailed records of transactions in a double entry bookkeeping system. Accounting then uses the bookkeeping records to prepare financial statements, such as the income statement which calculates profit and loss, and the balance sheet which shows the assets and liabilities of a business on a given date. The overall accounting process involves identifying transactions, measuring them in monetary terms, recording them systematically, and communicating the results through prepared financial reports.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    1 views8 pages

    BBK Accounting Presentation 15-11

    Uploaded by

    Rose
    Bookkeeping is the process of recording all financial transactions and is part of the overall accounting process. It involves preparing source documents and maintaining detailed records of transactions in a double entry bookkeeping system. Accounting then uses the bookkeeping records to prepare financial statements, such as the income statement which calculates profit and loss, and the balance sheet which shows the assets and liabilities of a business on a given date. The overall accounting process involves identifying transactions, measuring them in monetary terms, recording them systematically, and communicating the results through prepared financial reports.

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    of 8

    Intro to bbk and

    Accouting process

    By:Rawhah Rehan y9
    What is Bookkeeping?

    Bookkeeping is the recording of financial


    transactions, and is part of the process of
    accounting in business and other
    organizations. It involves preparing source
    documents for all transactions, operations, and
    other events of a business.
    Bookkeeping
    • Detailed recording of all financial
    transactions
    • Necessary to make record of every
    transaction
    • Maintained using a double entry
    bookkeeping
    Accounting

    • prepare financial statements by


    using bookkeeping records
    Financial statement Income statement

    Shows the assests and Shows the calculation of


    Liabilities(Debt) of a the profit or loss earned
    bussiness on a certain by a business
    date
    ACCOUNTING PROCESS

    01 Identifying
    Identifying 02 Measuring
    Determine transaction Use Monotony terms(Rm,$)

    03 Recording
    Recording 04 Communicating
    Communicating
    Keep in orderly manner Prepare accounting reports
    THAN
    KS
    CREDITS: This presentation template was created
    by Slidesgo, including icons by Flaticon,
    infographics & images by Freepik

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