O'Reilly logo

Financial Accounting for Management, 5th Edition by Ambrish Gupta

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 1

Measurement of Profit and Financial Position: I Business Transactions to Recording in Journal

images

The process that leads to the measurement of financial performance and position of an enterprise is known as Accounting Cycle. Accounting Cycle forms the very basis of financial accounting. This chapter covers the cycle up to recording in journal.

CHAPTER OBJECTIVES

This chapter seeks to enable you to develop knowledge and understanding of:

  1. The fact that modern accounting owes its origin to India.
  2. The anatomy of business and its relationship with financial accounting.
  3. The steps involved in the process of accounting, up to recording, that ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required