General Introduction to the accounts and the need for the accounts assignment need to be understood when it comes to completing an academic assignment. An art of classifying,
summarizing, making analysis of the transactions that is monetary in nature and interpreting the results thereof.
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General Introduction to the accounts and the need for the accounts assignment need to be understood when it comes to
completing an academic assignment. An art of classifying, summarizing, making analysis of the transactions that is monetary in
nature and interpreting the results thereof. Knowledge about creation and maintenance of accounts is the very essence for every
individual. Accounts being a practical subject require huge descriptive knowledge and great concepts in order to solve the
problems and complete the assignment to be given to the teacher.
Accountancy is a subject with the concepts that are very vast and never ending. There are different methods for solving a practical
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Topics covered
Accountancy is a practical subject that requires huge skills to make it effective and needs to be done within a given time to their
teachers. Accounts cover some of the concepts that are supposed to be used in the future for running a business effectively.
Some of the concepts of accounts are:
Journal entries
Ledger posting
Profit and loss account
Income statements
financial statement analysis
Funds flow analysis and many more.
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