MGT101 Short Notes for Mid term from Lec 1 to 22
MGT101 SHORT NOTES FOR MID TERM Here You can read and download MGT101 - Financial Accounting Short Notes for Mid Term From Lecture 1 to 22 for Mid Term exam preparation. MGT101 Short Notes for Mid term from Lec 1 to 22 Recommended : MGT101 Solved Material Mega Folder MGT101 Short Notes Lecture - 1 BASIC CONCEPTS OF ACCOUNTING Accounting : Accounting is the art of recording, summarizing, reporting, and analyzing financial transactions. Accounting is the art of recording, classifying, summarizing,in significant manner and in terms of money, Transaction and events which are in part of at least and Interpreting the results there of. Transactions : In accounting or business terms, any dealing between two persons involving money or a valuable thing is called transaction. Barter Transaction: Every transaction where goods are exchanged for goods is called a “Barter Transaction”. Types of Business Organizati...