Transcript of Fundamental accounting
- 1. Fundamental Accounting 25th October 2013 Accounting:
Recording Classifying Summarizing Interpreting of Business
Activity. Accounting Business Activity Business Entity Business
Entity: It is an economic unit that performs an economic activity
to earn profit in legal manners. Business Accounting : Accounting
is a process of identifying , measuring and communicating the
economic information of an organization to its users who need the
information for decision making. Business Transaction: The
transaction That has a reliable monitory Impact