Essay About Financial Transactions And Accounting Statement

Harrahs Crm Success Story
Date:        21st March 2017ACCOUNTINGAccounting is art of recording, classifying, summarizing and interpretation of results. Accounting is a process of recording the financial Transactions.E.g.  Recoding a daily expense for a home maker is an accounting statement for his home.Business    [pic 1] Journal  [pic 2] Ledger  [pic 3] Trial Balance  [pic 4] Balance Statement / Income statement/ Profit & Loss Statement  (Analyzed for vision Plan)Assets is what we own.                                                        Liability is what we owe.Free cash is wealth owned without any obligations.                                                        Wealth Creation.                                                                                                                The company is an Artificial Person.                                                                                                                Purpose of Lending Money are                                                Returnable                                        Non-Returnable                                                The Same money can be used in Business startup or Expansion or for an operational expense.