Cambrige Notes: Introduction and basic terms
Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction and basic terms
- Accounting is a system comprising the following elements: In summary Accounting is the process of identifying, measuring and communicating business information to assist users in making informed, useful decisions.
- Only monetary transactions are recorded in accounting using the historical and monetary principles.
- This simply means that only […]