Question

Introduction to Financial Accounting (Chapter 1)
Chapter 1
ACCOUNTING2
INTRODUCTION TO FINANCIAL
(Unit-1
1.1. FINANCIAL ACCOUNTING
11.1.3.
Book
Speen dis
gard to an individual, a
etary transactions relating
i
Bas
1)
S
1.1.1. Concept
Account'is a synopsis of pertinent business transactions of an entity with regard
or expenditure indicated under the heading. In short, it is a history of monetary tre
individual or item.
asset, income
ring to a specific
financial expenditure and
and receipts
The term 'Account' has also been defined as "a record or statement of financial
relating to a particular period",
In the double-entry accounting system, two accounting entries i.e, 'Debit Entries'
renuired to record each financial transaction. These entries may occur in asset. liabilit
es' and 'Crerlit Entries
liability, income ou​

Answer 1

Answer:

jabvihbnfebkhay hel

Explanation:

egbhbhgwfb