Assessment

_____________ is the father of accounting?

Define cashbook

And state three things found in two column cashbook

Process of accounting

• Recording

  Classifying

  Arranging

  Analysing

• Recording

  Classifying

  Analysing

  Selecting

  Summarizing

  Interpreting and communicating

• Arranging

  Assessing

  Communicating

  Interpreting

In personal account

Dr________

Cr_________

What is liability?

What is asset?