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Class 12 Accounts Notes: Time Value of Money Notes PDF Download
An accountant’s functions include
Classifying and summarizing, made easier by the
repetitive nature of business transactions
All repetitive transactions of the same nature are
recorded and summarized in one account
An account is a storage unit used to classify and
summarize money measurements of business
activity of a similar nature
Each account has a title
Total Pages – 33
PDF Size – 141
Class 12 Accounts Notes: Time Value of Money Notes PDF Download
An accountant’s functions include
Classifying and summarizing, made easier by the
repetitive nature of business transactions
All repetitive transactions of the same nature are
recorded and summarized in one account
An account is a storage unit used to classify and
summarize money measurements of business
activity of a similar nature
Each account has a title
Total Pages – 33
PDF Size – 141
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