Accounting is basically a service based profession that provides reliable and relevant financial information useful in making decisions.
Because it's quantifiable and reproducible.
what is the primary purpose of accounting
they are recorded in a general journal.
TCNJ
It's a density measurement relative to (standard) water. Water is given a 1.00. Things that would sink have greater than 1.00 specific gravity (not accouting for shape).
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
Every transaction recorded in the books of account should be provable, with documents as such.
Finencial Accounting provides information to orgunisations in order for the orgunisation to make decisions.
resarch and development cost are expensed as incurred in the current period and are not capitalized your welcome
Debit the Monkey Credit the Giraffe
Reliability