Z Score,T Score, Percential Rank and Box Plot Graph
introduction to accounting
1.
2. “Accounting is the art of recording, classifying and summarising in a signified manner
and in term of money, transactions and events which are, in part at least of financial
character, and interpreting the result thereof.”
5. If the transactions are more,
human brain would not be able to
remind all the transactions. In
order to remind all the entries a
systematic record is maintained.
6. For a particular accounting period
an income statement (profit and
loss account) is prepared based on
the systematic record.
7. To know what the business owes
to other and what it owns. A
systematic position of assets and
liabilities is answered by position
statement.
8. It communicate information to the
internal as well as external users.
Information is required at all
levels of the management.
