unit 1 introduction of accounting 1

1.1��the role of accounting in business��1

1.1.1��the nature and function of

accounting��2

1.1.2��the division of accounting��3

1.2��accounting ethics��5

important��words and special terms��6

exercise��7

unit��2 some of generally accepted

accounting��principles��8

2.1��the monetary convention��9

2.2��accrual basis of accounting��9

2.2.1��the cash basis of

accounting��10

2.2.2��the accrual basis of accounting��10

2.3��going concern��10

2.4��matching principle and revenue

recognition��11

important��words and special terms��11

exercise��13

unit��3 accounting equation and

double-entry��system��15

3.1��accounting equation��15

3.2��accounting elements��15

3.3��accounting elements in the accounting equation��17

3.4��t account��18

3.5��double-entry system��18

important��words and special terms��18

exercise��19

unit��4 accounting cycle��21

4.1��identify transactions to be recorded��21

4.2��journalizing��30

4.3��posting from journal to

ledger��35

4.4��preparing unadjusted trial