Assignment for you Principles of Accounting Principles of Accounting

Principles of Accounting

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Principles of Accounting
Chapter Outlines
In this chapter, you will study:
  • 1) What is accounting?
  • 2) Definition of Basic Accounting Terms
  • 3) Accounting Doctrines, Conventions, and Assumption
  • 4) Types of Business Ownership
  • 5) Types of Accounting Source Documents

Principles of Accounting

 Accounting is the process by

  • which financial information about
  • a business is recorded,
  • classified, summarized,
  • interpreted, and communicated
  • to owners, managers, and other
  • interested parties.

1. What is accounting?
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