PPT : Meaning and scope CA Foundation Notes | EduRev
Fundamentals of Accounting for CA CPT
Created by: SrspsCA Foundation : PPT : Meaning and scope CA Foundation Notes | EduRev
Page 2 CPT Section A Chapter – 1 Unit 1 CA.S.S.Prathap Page 3 CPT Section A Chapter – 1 Unit 1 CA.S.S.Prathap What is a River ? River is a flow of water. What is Accounts ? At one level , it can be said as tracking the flow of money through a business. Page 4 CPT Section A Chapter – 1 Unit 1 CA.S.S.Prathap What is a River ? River is a flow of water. What is Accounts ? At one level , it can be said as tracking the flow of money through a business. It starts with what is called a Transaction . Transaction is an exchange. Example : You go to a shop and buy a pen . The money is exchanged for a pen. Example : You go to a doctor .The money is exchanged for service. Page 5 CPT Section A Chapter – 1 Unit 1 CA.S.S.Prathap What is a River ? River is a flow of water. What is Accounts ? At one level , it can be said as tracking the flow of money through a business. It starts with what is called a Transaction . Transaction is an exchange. Example : You go to a shop and buy a pen . The money is exchanged for a pen. Example : You go to a doctor .The money is exchanged for service. Based on the above understanding can you make some rules for a transaction ? 1. Transaction must have two sides . This is called Dual Aspect. That’s why we called accounts as double entry book-keeping.It was invented by Lucio Paciolio.Read More
Share with a friend
39 videos|143 docs|85 tests
Up next >
Test: Meaning And Scope Of Accounting - 1
- Test | 30 ques | 30 min
MCQ - Meaning and Scope - Accounting Introduction
- Doc | 21 pages
Test: Meaning And Scope Of Accounting - 2
- Test | 15 ques | 15 min
Meaning & Scope of Accounting
- Video | 02:27 min
Test: Meaning And Scope Of Accounting - 3
- Test | 11 ques | 11 min
Complete Syllabus of CA Foundation
Dynamic Test
Content Category
Related Searches
MCQs
,Objective type Questions
,study material
,Previous Year Questions with Solutions
,past year papers
,video lectures
,Summary
,Viva Questions
,Free
,shortcuts and tricks
,practice quizzes
,PPT : Meaning and scope CA Foundation Notes | EduRev
,PPT : Meaning and scope CA Foundation Notes | EduRev
,PPT : Meaning and scope CA Foundation Notes | EduRev
,Semester Notes
,Extra Questions
,ppt
,Important questions
,Exam
,mock tests for examination
,Sample Paper
;
Follow Us
