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INTRODUCTION OF ACCOUNTS.

INTRODUCTION OF ACCOUNTS.



ACCOUNTING IS A PROCESS OF RECORDING FINANCIAL TRANSACTION,CLASSIFYING THEM AND COMMUNICATING THE INFORMATION OF FINANCIAL RECORDS TO USERS VIZ. THE PROPRIETERS , INVESTORS , GOVERNMENT AGENCIES ,CREDITORS , E.T.C. IT IS AN IMPORTANT PART OF BUSINESS.

IT HELPS IN SUMMERISING,CLASSIFYING,COMMUNICATING AND INTERPRETING THE FINANCIAL TRANSACTIONS. IT IS A SECONDARY STAGE. IT STARTS WHEN BOOK-KEEPING ENDS. SENIOR STAFFS PERFORMS THIS FUNCTIONS.THIS JOB IS ANALYTIC AND DYNAMIC IN NATURE. THE MAIN PART OF ACCONTING IS JOURNAL ENTRY AND LEDGER. THERE ARE SOME ROLES, OBJECTIVES,MERITS AND LIMITATIONS OF ACCOUNTING. IT IS AN ART OF EDUCATION WHICH HELPS US TO READ ACCONTING EQUATIONS, JOURNAL ENTRY, LEDGER, TRIAL BALANCE, AND SO ON WHICH HELPS IN MAINTAINING THE RECORDS.

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