Question

class 11th explain all basic accounting terms in short​

Answer 1

Basic accounting terms, acronyms, abbreviations and concepts to remember

Accounts receivable (AR) ...

Accounting (ACCG) ...

Accounts payable (AP) ...

Assets (fixed and current) (FA, CA) ...

Asset classes. ...

Balance sheet (BS) ...

Capital (CAP) ...

Cash flow (CF)

Accounting – Accounting keeps track of the financial records of a business. In addition to recording financial transactions, it involves reporting, analyzing and summarizing information. Accounts Payable – Accounts Payable are liabilities of a business and represent money owed to others.

Answer 2

Answer:

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Explanation:

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