2.4 BUYING AND SELLING PROCEDURES AND MAJOR ACCOUNTING DOCUMENT
CHAPTER THREE
3.1 SUMMARY UP
3.2 RECOMMENDATION
3.3 CONCLUSION
3.4 BIBLIOGRAPHY
INTRODUCTION
Booking keeping is business in a methodical manner that
information on any point relating to their may be quickly obtained. The method of proceeding is based upon deprecate principle, which are discussed and illustrated. The kind of information which a trader may desire to have and which is readily available is summarized below.
THE TRADER MAY DISCORE: -
The value up his purchases
The value up his sales
His expenses
The amount of cash in the office or bank etc.
The ultimate position of the business is to make a profit, by providing goods services or employment. As every transaction plays it part in determine the final profit or loss for a trading period, accuracy in recording is important.
Accounting is defined as a discipline concerned with the recording, analysis, and forecasting of income and wealth of business and other entitle. Generally is record in money to terms the flow of economic transactions between or within economic entities.
A clear distinction between accounting and book-keeping is not easy to make because book-keeping is in fact a part of accounting.
Accounting figures are not use unloose they are made to tell useful stories to the business owner.
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