Transcription of ACCOUNTING - AN INTRODUCTION Notes
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3 NotesMODULE - 1 Basic AccountingACCOUNTANCY1 ACCOUNTING - AN INTRODUCTIONW henever your mother asks you to go to the nearby grocery store to buy items of dailyuse like match box, candle stick, soap cake, coffee, spices etc. you need not pay forthese items immediately. When you buy these items, the store owner immediately opensthe page of a note book on which your father s name is written. He records the valueof items purchased. At the end of the month, your father goes to him. He again opensthe same page tells the total amount to be paid and records when your father makes thepayment.
MODULE - 1 Basic Accounting ACCOUNTANCY 1 ACCOUNTING - AN INTRODUCTION Whenever your mother asks you to go to the nearby grocery store to buy items of daily use like match box, candle stick, soap cake, coffee, spices etc. you need not pay for these items immediately. When you buy these items, the store owner immediately opens
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