Accounting Process

Accounting is a systematic process of identifying recording measuring classify verifying some rising interpreter and communicating financial information. It reveals profit or loss for a given period and the value and the nature of a firm’s assets and liabilities and owners’ equity. Let us learn more about it.

• Objectives of accounting
• Bookkeeping
• Accounting Cycle
• Classification of Accounting
• Accrual Basis and Cash Basis
• GAAP
• Basic Assumption of Accounting
• Modifying Principles
• Capital and Revenue Transactions
• Types of Accounts
• Double Entry system
• Accounting Process
• Accounting Equation