![]() Errors: Classification and Rectification This book of accounting (Part 1) contains twelve chapters as follow: ![]() Write letters to suppliers and reply write letters of customers and reply. Explain discounts and accounting treatment for discounts. Understand purchasing goods, goods sales. Explain the main kinds of subsidiary books and how to record transactions in these books. Explain how to record transactions in journal and how to post them to ledger. Show how to record accounting transactions in journal using double entry system. Know how to distinguish between accounting and non accounting transactions. Name and explain accounting concept and accounting principles. ![]() The objectives of this book are to learn the students on accounting through the following: Definition of accounting. Decisions are based on accounting information for profit and non-profit companies’ alike. By law all businesses must keep accounting records. Accounting is the process of recording, summarizing, analyzing, and interpreting financial (money related) activities to permit individuals and organizations to make informed judgments and decisions.
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