Acoasng rNencns Orn ‘Acoma fr Fay Oe CHAPTER I ACCOUNTING AND BUSINESS {ow Goa Si Matting Cony eee Learning Objectives: ee AC the ond of the chapter the suden shouldbe able Discus the elements of busines + Enumerate the diferent pes of busines: ‘rgunztons and bute operations + Explain business eperations and besnes ‘ctv Esplin Accounting as «language af business + Discs the rte of accounting 1 Eplan the accountng process Iden teasers of nancial statements Explain the practic of accountancy Dives the eccuntig ares, Enumerate the reultory Boles governing the practice of accountancy profession + Discus the ani ethical comiertions tn the practice of accountancy profesion {enfy the highligh In the story and developmen of Accounting‘nro of gm nd pein emg fo cmt ia fil arc pp Bu ex Sig ey Ro et te yp pe some roa meet pe ee ga ine, rable ‘Birman opal” gn tne {trea yt. Se ‘Whe standing ceca bs mes fats the uf fog geo ma tes Pssn vey cote steric sop Saas tvs ‘pm, ag tony Sb) nd es ie, indy) ht ae par tout hy the onan 9 Steak “Te wc le ew 2) Prac of got ad asin ‘onl Ths ili come Toon ea Tete yn imeem ce a ma ‘Grapor ACCOUNTING NO BUSMERE Pape roe thr pl wil he ia 2) Sate eg et Senge tt pope ree ioc ‘oseaty {feo poder . 9 rate Govern ‘Selaies cece temas ed wens ors omc scone tr cmos Kvehoment the country. This achieved hong the SES Sie tee me eee renee ee eee foe inn ee [fe he ll aby ran ial Ee ae eee ‘Susp necounene av BUaNEEE Page9) Sing rein + Berea mai, ane clk ener While soopene webs fies cotoman Tha eee tsa open, Ta ae Shay Typ! cunpis ae pcos 5) Mansi Bins {Site tied oscy Ne connor: Pee ‘rapier AGSOUNTING AND ROBNESE Poa eT ie‘he spy sf conplesty of tases operon can be ‘MANUFACTURING BUSINESS I eae ine me SERVICE BUSINESS Saas ‘Tiapter 1 ACCOUNTING AND BURHESS Pome+ Operating cin epic ofgondefethecumomen vi ah Fa Pc Rh ‘ited rw ete uf ta chron mb ‘tree anf anapntnes Ts al drratn psd Po eet eae ieee rien “Famer AecDNTING BUSES Page he dag cacy pon aig th men of eerie ee eee eae Strom tet secs tng he venue eS a coin omini egn ESC i smn ee Then eet de up feign 1) Renin reg, Cte nomees oe te aeons ot Sev eee osm 2) cmting sat geet Erg me ey Tae ihe pan ja outer ee ‘Siapor ACCOUNTING Av BUSHESS Fagsae Grnged bt ene a 0 iepeing lyn he enc prranc a on of Shee tees Soom ere ce ri ta a aa aaa ‘The into ste he re oon acai Whe 1 ewig 2 Mwmrog LEAL cGccomme ei oma oe aor ACCOUNTING AND BURNERS Page a se td itt drogh Seine ene eeu roe abo (ie Sous Thee ewe ep Ste 2. Trang Dat aa rte seed es el teas hoes 5. Communit format Snaede, Sf een Rael Ss oe ‘ey eh nbeeten cea ad pred feet eoiereets red eas ered PAS re pom ps Tne ‘name wat eg ed ye Seinen ee ‘Brant ASCOUNTING AND BURNERS aepov aemsoe che bail onion 43 Steen Chips tn Onners ty ‘heges in se Tome ae pesado he iets omens See sa ore pd ‘Bowden SST sila” ie Spe et ey mo, M3 nig eh ose ah ls el on he aon a ops ‘ecm te ter sven, ene Spd ‘Trait nECOUNTING AND BUGWIESS Pope ‘ces on Sa ps sx a cpr gat ting ot Sie oe al ot Spedbacas ‘Un he ee Cn ew Fach Rep See igs my pe ae Seige ywpete sao ‘Stour he weer oe oman rh aoe a fh Soret oats ‘GiapertaccouiTn Ano BURNERS Page fama msg toned ete ie renee pl por i enc enc once Ercmagandpecmaiettnecd coin ta nah wate Sg ot item nrc ec ‘Sipeate teig oo prbreng pep faa” whe ‘cS ing eee ene eee ‘Sie nt ei sn ee ae Aco ing see fm ened ‘ibn beaneieen sls ‘Sian eCOONTING AND RUBNERS Pageos 2. Cm criae cn ot es icy ec ‘See i slot e aarae eae ede me ie rr ‘onl ‘Tapert accounTine ano BUONESS Page Te eel epee ai pd ‘he Coumis ea prem ny ec wl de fue res in Sof ee Mice ol fe atl epi Com 2) cae dpe sa we Race Ea nt ey ca eve a tat ca ou ewe mest Ce Sc tepeteet pean ted eaten tet ‘Seep Ames dems Sa eS TESCO mage mi an coming Sma Cote to ba ply Fi tpt aa Com 80) Sase a iat See oe em ste i cg en ited su Nt st iy th aed+ ines ge ero nn ded irl Fac {ets conan aps td oma i + bans, ahecsoEnopin sum a ae pice wan! ail Roper Ste + Ato te ilps avn pn he RS Acting Vato ne Cova fy * Acoma noth nei ti 5 i a pci + es lg ration wl te + Mb, sc in ho Ami ‘Graoter RCCOUNTING AND BUSWIESE Page ‘Tapert ACCOUNTING ARO SMES Pape a = |_FumoaseNTALs oF ACCOUNTING PART {hic ezrin Sts Cone RSC) Set oe cman ec eee et ci * ome baw anf bus ouonaeae Sa eG acura wie e Seen eat ‘+ cumin Mean dry Dat ali tb sn ya ‘tm fn Se aan od" witha fe Ltn ed“ ts ay OD eg ty * Ste fo an ut ae ene AM Ce Comme iy 1 Um trader ne mec © Calon inenne Vek ey Commer a at ny + ar nine ead toned gh dep ‘unin aw ween Ctr at ety ee le tae + esd semen ey lb bere ‘pete Tage ad nee Pat 1 Cetre + Cooma i oy Sp 8 ei Reese ofde cut + Fane tac ce 8 ee ee ‘Trapor “ACCOUNTING AND BURINESE Pape