What is accounting ?
It is the recording, summarizing, analysing, interpreting and reporting of the financial information of an organisation
hint " Rose-smelling AIR"
What is bookkeeping ?
It is recording of business transaction
it is a role of accounting. The accounting information system allows business to monitor how well the resources are managed by the stewards
It is a role of accounting. The accounting information system provides financial information that helps stakeholders make decision
Name 2 professional ethics
objectivity and integrity
Name 2 advantages a company has over a sole proprietorship
1. owners are not personally liable for the debts of a business. 2. banks are more willing to provide loan to a company 3. it is easier to transfer ownership of a company
Advantages a sole proprietorship has over a company
1. sole proprietorship is easier to start-up and close down 2. the owner gets the entire profit unlike shareholders who get only dividends 3. there are less rules and regulation to comply with compared to companies
選擇要在Apple App Store上查看的Topgrade應用程序。