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Transactions and Accounting Equation:

Learning Objectives:

After studying this topic you should be able to:
 
  Define and explain business transaction.
  Explain the features of a business transaction.
  Classify the transactions.
  Explain the rules for deciding whether a transactions is cash transaction or credit transaction.
  Define and explain accounting equation for sole proprietorship and corporation.
 

Contents:

Read our high quality articles about business transactions and accounting equation:
 
  Definition and explanation of a business transaction
  Features of a business transaction
  Classification of business Transactions
  Cash and Credit Transactions
  Accounting Equation

 

A D V E R T I S E M E N T

 

Financial Accounting Topics


  Introduction to Accounting
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  Transactions and Accounting Equation
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  Analysis of Business Transactions
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  Journal, Ledger and Trial Balance
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  Accounting for Bills of Exchange
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  Special Journals
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  Cash Book
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Bank Reconciliation Statement
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  Final Accounts
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  Work Sheet
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  Capital and Revenue Items
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  Valuation of Inventories
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  Accounts of Non-profit Making Organizations
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  Statement of Cash Flows
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  Accounting Ratios Analysis
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  Depreciation, Provisions and Reserves
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  Accounting Dictionary
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  Financial Calculators
 
 
 
Managerial Accounting Topics

  Financial Statements
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  Cost Volume Profit Relationship
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  Variable Costing System
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  Materials and Inventory Cost Control
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  Activity Based Costing System
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  Standard Costing and Variance Analysis
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  Balanced Scorecard
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  Capital Investment Analysis/Capital Budgeting
 

 

 
 

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