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Introduction to Accounting and Accounting Terms
Commercial Studies · Chapter 6 · 4. Introduction to Accounting and Bookkeeping
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Topics 4
- Accounting and bookkeeping: meaning and objectives of accounting
- The accounting cycle; distinction between accounting and bookkeeping
- Accounting terms: capital, liability, asset, revenue, expense, drawings
- Accounting terms: purchase, sales, stock, debtors, creditors, debit, credit and discount