a Pypontiy

a
shite tnpoyees
on
paduukts Marxatng
/ortieecpctmant elctrieity the Cnsutt
Salig Pufng
maleials. Ja0 peuying
oY
acevity c lot a
Casi yumes
is
frts ro make to od
iy tahon, anspor qoal, tmihed into inguts
[anva
SionMenusactuing o
inputs, puachatng
men maing
veg ohich cctvty Cny mcns -Ktity ((onomíc &
acbvity. Ccononic is
on utines
busincas? isJhat
Acountingta Basts
sl22
* Bustness -anSactfons ae -ho tyeg
Fnancial -hansacfionc:. Alkich ts also knoon a
1-
tranachoyi" khich tnvslves nohy
Mbnctasy s

&8 Non- finan(lal transactbn s: h°ch is alio Kna

clocs hot
nm montauy tnscuetion " okich
involves
Financial trantachiou!.
hich involves tnony pts
Busines transactin

a) Cash transactin
b) Cae cit tranSection.
ex Rent pyng paid
Salancs id
Stothoraag lp cha Ot Ohbe Ssppug
Insane paid
Non- nanefal tansactons
Businus ransatons which does not involve mney

peisir nating
Consubng

What s financial AlLnnting?

retordng bhan cia
transactips

tnanti a
 1.Conupts
foinley
ACeonthg AcLeptrd Genemally GAAP-
tbsmatm. ancial
în fn Co)
concledymg Drinpus
montahg
eo t0r
1eountng:. Concepts
of Basic
shour and qweinmont
a
oia m into
keas, emlofee), Supplrc,
Communicaitn Comruni
cotT6n 6)
tinanciay
Sheet Balan
ce
aCl0unt
Inteeprchngnalysng
finncia S)
fransact Composng
blanle
lcncec debit
ang balan
as
ldgers. into pothng >
Clarsityng S)
calegung. intu QMung
Chunologically Reot,dng. )
naln9 jDt (or)
inanial ng'denttby
- s)
transactions
cdid
investurs, Jovenmernt fue as
leics pansactiM
e
Contg the
inarcial ntcomatfen
cbot atmgCemmunc nd
Stunnaizing bymg, Clask ccordng. idenitygh
g, C
as 6-countng
the kfined is Aecounting
Acounting 6-countng îs as the
Ssteno
dnttyhg, vecorting, Clasybyng, Sunnaizing procoss
i ntupretn,
and Commun( chmg intrmataa about financiaf
bansactm fhe
Ouner s, qovenmen investirs, Cutitus

) sdanthyhg: inontial tronsacisons

Reohdng Chvnolo ically cor) joutnalng
3
3) classitymg: cding into catequny
-> poching into le dgers.
Csedit balanes aud
dubit balcn cec
Cemposmg fansachm balanle

S) Intapvctng..ralysng te financia ibtomaty

Vrtit & (oss account
Baln e Sheet
tmahcia intrmat
6) Communi Ca: Communitathn
into Supplica, emploees, banke,
qwenmont, dia and shos hlde
Concapts of ACcountng:.
Basic
Csncludy hg t0r mantanng co rdhg
Pinipus
(0)$nanca inbormatm.
GANP- GeCsally Aceptrd Aceoutihgy pinaplyi