Classification of Accounts: The term Account is a record in summarized and classified form of all business transaction that take place between particular person or persons thing or things specified. For example: During a month we purchase goods for six times from usman. In order to know the total amount due to him we must […]
Basic Functions of Accounting
Basic Functions of Accounting: Functions of Accounting involves the creation of financial records of business transactions, flows of finance, the process of creating wealth in an organization, and the financial position of a business at a particular moment in time. The progress & reputation of any business big or […]