Question

Preface for project in accountancy of class 11

Answer 1

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Answer 2

Question

Preface for project in accountancy of class 11

Project in accountancy in class 11 is a major project which has to contain the following major areas of concern.

Journal which is an accounting document used to record transaction in business by date.

Balance sheet a statement of assets, capital and liabilities in a business or an organization, it is used in making a general decision making as far as business performance is concerned over a given period of time.

Trial Sheet is the internal document which is used in preparation of the balance sheet.

Bookkeeping is also an aspect of the accountancy project that contains the source information necessary for the accounting record.

Financial statement is  the overall standard performance of he business tat is generated from the above documents.