Historical Evolution of Accounting
Accounting has a long historical tradition, although quite unknown. Summarize more than 6,000
years of history is difficult. All human activity relating to property and the exchange of goods is
linked to measure and cont
When we speak of cash, cash equivalents available or we refer to cash and current account
It belongs to the assets and are the least profitable asset items.
It is present throughout the life of the company:
At the ti
The non-fictional realizable intangible assets consists of intangible assets that lack realizable
value, market value. This asset consists losses or expenses that are not eliminated in the fiscal
year in which they occurred.
Patrimonial mass is homogeneous grouping of assets. These are Active (economic structure)
and liabilities (financial structure):
Active: assets and rights.
Liabilities: debts to third parties and net equity (shareholder contributions and
Accounting is a business tool that allows registration and systematic control of all operations
performed in the company, hence there is no concrete definition of accounting but all these
definitions have in common.
Below are several me
ACTIVE DIVIDEND ON ACCOUNT
Amounts paid in advance before the final distribution of benefits is approved by the competent
bodies before the end of the year.
The equity or equity, or net capital assets themselves are formed by capital and sel
Objectives of accounting information.
The accounting information should primarily serve to:
Know and demonstrate the resources controlled by an economic entity, obligations having to
transfer resources to other enter, changes which have experienced such r
The Profit and Loss.
It is the document that shows the composition of the profit in a given period. Next to balance are
the two basic financial statements.
It not only profit or loss, but the ratio of income and expenses that have led to this result is
OWN SOURCES OF FINANCING
Contributions to capitalist title
The initial resources usually come from contributions made by its owner. These contributions
may be in cash or in goods and rights, and the value thereof is reflected in the net assets
Opening of accounting. It starts with the preparation of an initial inventory, which appears in
detail, orderly and properly assessed, a list of all assets of the company at that time. Is called
seat opening and results in increased accounts are opened.