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Reflect upon your experiences and the concepts studied throughout the course. In your own words, explain what accounting is all about.

This question was answered on Jan 19, 2013. View the Answer
Reflect upon your experiences and the concepts studied throughout the course. In your own words, explain what accounting is all about. What is or was the most difficult concept to grasp about accounting? What are some tips you would share with future students taking the course?
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Accounting is all about recording systematically all the business transactions. These transactions include all purchase and sale transactions, income, expenses, assets, liabilities of a business....

This question was asked on Jan 18, 2013 and answered on Jan 19, 2013.

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