Accounting and bookkeeping

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

  1. Why is the knowledge of accounting concepts and terminology useful to anyone in a business activity?
Nov 3rd, 2014

Knowledge of accounting concept and terminology is useful to all individual engaged in business activities because accounting is fully based on GAAP i.e; generally Accepted Accounting Principles which contains principles, concept and those terms therein. So there knowledge is very much necessary as without that you can do anything or if you try to do it will be surely incorrect

Nov 3rd, 2014

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Nov 3rd, 2014
...
Nov 3rd, 2014
Sep 22nd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer