Dewsun Riseon - Academia.edu (original) (raw)
Uploads
Papers by Dewsun Riseon
Accounting: Accounting is the process of recording, classifying, summarizing, analyzing, interpre... more Accounting: Accounting is the process of recording, classifying, summarizing, analyzing, interpreting and communicating the result of financial transactions. Features: Financial character: 1. Assets that can be evaluated in terms of money such as furniture purchased, computer purchased etc. 2. The things which cannot be evaluated in terms of money such as honesty, discipline which are non – financial character 3. Accounting keeps records of things that can be evaluated in terms of money. Continuous and dynamic process: 1. Accounting is the dynamic process and continuous process it is performed continuously. Based on principle/ assumption/ concept: 1. Accounting is based on the principles that are analyzed developed on the basis of assumption of past and conceptualized and developed. Ascertainment of profit and loss: 1. Accounting keeps record of every transaction of organization keeping record of them. Ascertainment of financial position: 1. Accounting helps in keeping record of every asset and liabilities of organization keeping record of them.
Accounting: Accounting is the process of recording, classifying, summarizing, analyzing, interpre... more Accounting: Accounting is the process of recording, classifying, summarizing, analyzing, interpreting and communicating the result of financial transactions. Features: Financial character: 1. Assets that can be evaluated in terms of money such as furniture purchased, computer purchased etc. 2. The things which cannot be evaluated in terms of money such as honesty, discipline which are non – financial character 3. Accounting keeps records of things that can be evaluated in terms of money. Continuous and dynamic process: 1. Accounting is the dynamic process and continuous process it is performed continuously. Based on principle/ assumption/ concept: 1. Accounting is based on the principles that are analyzed developed on the basis of assumption of past and conceptualized and developed. Ascertainment of profit and loss: 1. Accounting keeps record of every transaction of organization keeping record of them. Ascertainment of financial position: 1. Accounting helps in keeping record of every asset and liabilities of organization keeping record of them.