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Theoretical Framework




Input                                              Identification of
                                                   transaction



Economics events                                       Accounting
measured in                                               Cycle                                                Output
Financial terms




                   Recording transactions          Posting             Preparing      Preparation      Communicating
                   in the books                        to               of Trial       of Final        Information to
                   of Original Entry               Ledger              Balance        Accounts         the Users



                                                                                      Internal Users             External Users
                                                                                      B.O.D                      Investors
                                                                                      Partners                   Lenders
                                                                                      Managers                   Suppliers
                                                                                      Officers                   Govt. agencies
                                                                                                                 Employees
                                                                                                                 Customers




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Cpt accounts chapter 1 -memory map

  • 1. Theoretical Framework Input Identification of transaction Economics events Accounting measured in Cycle Output Financial terms Recording transactions Posting Preparing Preparation Communicating in the books to of Trial of Final Information to of Original Entry Ledger Balance Accounts the Users Internal Users External Users B.O.D Investors Partners Lenders Managers Suppliers Officers Govt. agencies Employees Customers VXplain 2 Score More-post your doubts to us at vxplain@gmail.com