Thursday, February 27 2020, 22:47 pm
INTRODUCTION TO ACCOUNTING

INTRODUCTION TO ACCOUNTING

1.5.1 Financial accounting As mentioned earlier, financial accounting deals with the preparation of financial statements for the basic purpose of providing information to various interested groups like creditors, banks, shareholders, financial institutions, government, consumers, etc. Financial statements, i.e. the income statement and the balance sheet indicate the way in which the activities …