Page 1 :
CHAPTER 1. ACCOUNTING – AN INTRODUCTION, , Accounting:, , Accounting, , is, , a, , process, , of, , identification,, , recording, , classification, summarising analysis and interpretation of all business, transactions and events which can be measured in terms of money in a, systematic manner and communication to the user., , Features:, , , , Identification of Business Transaction, , , , Recording, , , , Classification, , , , Summarising, , , , Analysis, , , , Interpretation, , , , Communication, , Book- keeping: Book keeping is a part of accounting. it is a process of, identification, recording and classification of all business transactions and, events in a systematic manner., , Accountancy, Accountancy provides a path for accounting. It includes principles, provision, concepts etc. Accountancy is a systematic knowledge of accounting.