Part I: Class 12 Accounts Notes: Accrual Accounting Process Notes PDF Download

Class 12 Accounts Notes: Time Value of Money Notes PDF Download

An accountant’s functions include
ƒ Classifying and summarizing, made easier by the
repetitive nature of business transactions
ƒ All repetitive transactions of the same nature are
recorded and summarized in one account
ƒ An account is a storage unit used to classify and
summarize money measurements of business
activity of a similar nature
ƒ Each account has a title

Total Pages – 33

PDF Size –  141