.
INTRODUCTION TO ACCOUNTING
,Need for Accountin
, Reason of
Accounting
i. Short memory iii. Financia
ii. Profit or loss
power conditions
, At the end of each year, all the businessmen want to know how much
have gained or lost during the year; how much capital is invested in t
business at the end of the year; how much amount they are liable to
to whom they owe it; how much is owed to them and by whom etc. In
attain such informations, it is essential to keep a complete and system
record of each and every business transaction entered into during the
By keeping a complete and systematic record of every business
dealing, the businessman can know how much is the amount of purch
how much is the amount of sales; what are his total expenses and wh
amount of profit earned or loss incurred during the year.
INTRODUCTION TO ACCOUNTING
,Need for Accountin
, Reason of
Accounting
i. Short memory iii. Financia
ii. Profit or loss
power conditions
, At the end of each year, all the businessmen want to know how much
have gained or lost during the year; how much capital is invested in t
business at the end of the year; how much amount they are liable to
to whom they owe it; how much is owed to them and by whom etc. In
attain such informations, it is essential to keep a complete and system
record of each and every business transaction entered into during the
By keeping a complete and systematic record of every business
dealing, the businessman can know how much is the amount of purch
how much is the amount of sales; what are his total expenses and wh
amount of profit earned or loss incurred during the year.
