Introduction
This chapter lays the foundation for understanding the essential role accounting plays in the success of any business. We'll delve into the very definition and purpose of accounting, exploring why it's considered the "language of business."
This chapter carries a weightage of 6%, highlighting its significance in your overall understanding of accounting. So, buckle up and get ready to unlock the secrets behind the scenes of any successful business venture!
This chapter lays the foundation for understanding the essential role accounting plays in the success of any business. We'll delve into the very definition and purpose of accounting, exploring why it's considered the "language of business."
LEARNING OBJECTIVES After studying this chapter you will be able to: - state the meaning and need of accounting;
- discuss accounting as a source of information
- identify the internal and external users of accounting information
- explain the objectives of accounting
- describe the role of accounting
- explain the basic terms used in accounting.
Chapter Weightage
CA: 06 Score
AFS: 08 Score
- state the meaning and need of accounting;
- discuss accounting as a source of information
- identify the internal and external users of accounting information
- explain the objectives of accounting
- describe the role of accounting
- explain the basic terms used in accounting.
Chapter Weightage
CA: 06 Score
AFS: 08 Score
Study Notes - English
Binoy George Idukki
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Vinod EB
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Jaison James
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Vidhya Poshini-Kollam D.P
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Thelima NSS
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Sreekumar PR
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Vinod EB, Kottayam
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Arike 2023 Wayanad DP
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Jaison James
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Sreekumar PR
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English & Malayalam Combo
Step Up Malappuram DP
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Ajith Kanthi Wayanad
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Fahad Elikkotil
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Sunil AG Thrissur
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Ramesh VP
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Important Questions & Answer
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Previous Questions- Jaison James
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Previous Questions - Vinod EB
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Unit Test
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