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Fundamental accounting
1. Fundamental Accounting
25th
October 2013
Accounting: Recording Classifying Summarizing
Interpreting of Business Activity.
Accounting
Business Activity
Business Entity
Business Entity: It is an economic unit that performs an economic activity to
earn profit in legal manners.
Business Accounting :
Accounting is a process of identifying , measuring and
communicating the economic information of an organization to its users who
need the information for decision making.
Business Transaction:
The transaction That has a reliable monitory Impact