ACCOUNTING - ACCOUNTING ACCOUNTING ENVIRONMENT DEFINITION

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ACCOUNTING  ACCOUNTING  ENVIRONMENT ENVIRONMENT
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DEFINITION “An information and measurement system that  identifies records  and  communicates relevant, reliable and  comparable information about an organization’s business  activities” Identify – economic events that relevant to its business Records – keeping a systematic, chronological diary of events. Bookeeping. the statements.
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ACCOUNTING INFORMATION 1. Source of Document All original information can be obtained from these  documents. 1. Books of original/Prime Entry The documents are then classified and posted to the  appropriate books of original/prime entry. Journal. 1. The Ledgers These are books of accounts where records from the Journals  are classified and posted. 1.
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This note was uploaded on 10/24/2011 for the course ACCOUNTING 101 taught by Professor Abraham during the Spring '11 term at Abraham Baldwin Agricultural College.

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ACCOUNTING - ACCOUNTING ACCOUNTING ENVIRONMENT DEFINITION

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