Chapter 1 Balance sheet
Slides in this set (2)
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- What is Accounting
- 1. Gathering of financial information about the activities of business
- 2. Preparation and collection of permeant records.
- 3. Rearranging and classifying of information into a more usable form.
- 4. Preparation of information reports and summaries ( management, bankers, investors, and other creditors
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- 1. Many Jobs require accounting and clerical skills.
- 2. The ability to keep accurate record.
- 3. Accounting background helps understand the business world and handle daily financial affairs.