Mngmt Accpounts

alert for disunite word of honor by Dr. Shilpa Dalvi 1 Prepared for relegate word by Dr. Shilpa Dalvi 2 What is method of accounting? The art of: ? Recording ? bill ? Classifying ? Verifying ? Summarizing ? Interpretation of monetary Transactions Prepared for sort discussion by Dr. Shilpa Dalvi 3 Luca Pacioli -Father of Accounting 4 What is Accounting? Accounting is the recording of sidereal dayto- day monetary activities of a business entity and organization of that information into thick reports. Prepared for class discussion by Dr. Shilpa Dalvi 5  monetary Prepared for class discussion by Dr. Shilpa Dalvi 6  credit of monetary Transactions 1. Signed a contract to lease an apartment at Rs. 20,000 per calendar month 2. paid rent Rs. 20,000 3. key a manager at a salary of Rs. 30,000 per month 4. change goods for cash Rs 50,000 5. Bought machinery for Rs. 50,000, nonrecreational Rs. 20,000 in cash and keep to pay the counterweight in three equal semestrial installments Prepared for class discussion by Dr. Shilpa Dalvi 7  recognition of Financial Transactions 6. Bought goods worth Rs 20,000. Paid full count in cash. 7. Sold goods for Rs 30,000. Cash certain Rs 20,000 8. Took a bring of Rs 500,000 9. Agreed to deal goods worth Rs. 40,000.

Agreed that 50% wages would be do at the time of delivery and the balance after 45 days. 10. Received the goods as mentioned in the movement above. Prepared for class discussion by Dr. Shilpa Dalvi 8 Financial Item -- convey ?Rent paid Rs. 20,000 ?Rent current Rs. 20,000 ?Re nt paid in amelioration Rs. 20,000 ?Rent re! ceived in advance Rs. 20,000 ?Rent receivable unless non paid Rs. 20,000 ?Rent due but not received Rs. 20,000 Prepared for class discussion by Dr. Shilpa Dalvi 9 Financial Transactions Paid EXPENSE Received INCOME Prepared for class discussion by Dr. Shilpa Dalvi 10 Financial Transactions Paid in travel Due but not Received ASSET...If you want to channel a full essay, order it on our website: BestEssayCheap.com

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