Basic Concept of Accounting

Basic Concept of Accounting

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Learn the concept of accounting , the accounting terms used , its definition, importance of assets, liabilities and capital. It includes the preparation of financial statements likewise all topics provide illustrative examples , problems and solution for better understanding. Recommended for freshmen business accountancy students.Example, the effect of the purchase of P1000 of store supplies for cash is stated as follows: debit Store Supplies for P 1000 and credit Cash for P1000-. In relationship to accounting equation, the rules of debit and credit may be stated in theanbsp;...

Title:Basic Concept of Accounting
Publisher:Booktango - 2013-10-28


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