2001 CollegeAccounting
- (McQuaig & Bille, 2001) ⇒ Douglas J McQuaig, and Patricia A Bille. (2001). “College Accounting.” Houghton Mifflin.
Subject Headings: Accounting, Textbook.
Notes
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Introduction
Accounting is the process of analyzing, classifying, recording, summarizing, and interpreting business transactions in financial or monetary terms. A business transaction is an event that has a direct effect on the operation of an economic unit, is expressed in terms of money, and is recorded. Examples of business transactions are buying or selling goods, renting a business, paying employees, and buying insurance.
The primary purpose of accounting is to provide the financial information needed for the efficient operation of an economic unit. The term economic unit includes not only business enterprises but also not-for-profit entities, such as government bodies, churches... …
- p.22
Chart of accounts: The official list of account titles to be used to record the transactions of a business.
References
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| Author | volume | Date Value | title | type | journal | titleUrl | doi | note | year | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2001 CollegeAccounting | Douglas J McQuaig Patricia A Bille | College Accounting | 2001 |