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Chapter - 1 Introduction to Accounting

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Chapter - 1 Introduction to Accounting

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In this video you have learn about Accounting.

Accounting is the language of business.

Meaning of Accounting :-

Accounting is a systematic process of identifying , measuring , recording , classifying , summarizing , interpreting and communicating financial information.

Why learn Accounting?

  • Maintaining Systematic Record of Transactions.
  • Ascertaining Profit or Loss.
  • Ascertaining Financial Position.
  • Prevention of Frauds.

What is Accountancy ?

The knowledge of how to make accounting is called accountancy.