What is the answer this.define bookkeeping and accounting.mention badic accounting concepts

1.Define bookkeping and accounting.Mention basic accounting concepts.
2.Explain an accounting cycle and its phases.
3.Explain the accounting equation.
4.Explain the concept of double entry system .
5.What is concept of imprest system of petty cash book?
6.Explain trial balance and its purpose.
edong
Asked Apr 07, 2014
Hi, Edong,
The "accounting cycle" has 8 Steps.Each transaction must be analyzed to determine whether it qualifies as a business transaction.

Bookkeeping refers mainly to the record-keeping aspects of accounting & I am very happy to inform that I got best BookKeeping Service in Sydney from Affordable Bookkeeping Contractor.
Novacola
Answered Apr 23, 2014
Edited Apr 23, 2014
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Graham37
Answered Feb 26, 2018

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