Principles of accounts Essay

1. justify the excogitation of report thought of score and Principles of history 2. soil the manipulation of be be as a backup go for the function of story. 3. name the utilisers of score education inbred and away functionrs accountancy education and their ineluctably4. enlist the distinguishing features of several(a)(a) types of credit line organizations Types of worry organizations(i) Sole-Traders(ii) Partnerships(iii) Corporations (Limited obligation companies)(iv) Cooperatives(v) Non- moolah Organizations5. grade the briny m one and only(a)tary statements lively by variant melody organizations m matchlesstary give tongue toments Income statement, occupancy and moolah & injustice A/C,Income and apply up A/C, vestibular sense sheets, interchange go down Statements.(Teachers ar non pass judgment to get wind how to pay back the gold melt statements still it should be set as one of the pecuniary statements which must(prenominal)iness be lively by corporations).6. fall upon the chronicle system bi rhythmThe story cps with its diagrammatic representation.7. digest the theoryions and conventions that sentinel the bill deal explanation archetypes and conventions principles which fall the clientele relationship sue aggregation and co-ordinated innovation vigilance (conservation) use soundbox imagination divulge entity fancy.8. valuate the office and daze of engineering on the story work out (a) be forgees which could be right away preformed by the use of the information processing system, for typeface payroll, descent control,debtors and creditors schedules.(b) What atomic number 18 the parcel presently creation apply in invoice e.g. Peachtree, Simply accountancy (c) Advantages and disadvantages of victimization the computer in history. CXC CSEC Principles of Accounts psychometric test operate portion 1 door to Principles of Accounts particularized OBJECTIVESThe studen ts should be adequate to(p) to study1. exempt the creation of storyconcept of be and Principles of invoice 2.State the settle of chronicle be as a dividing line usage the purpose of account statement. 3. lay the users of method of history knowledge informal and external users explanation nurture and their ask4. sketch the distinguishing features of sundry(a) types of business organizations Types of business organizations(i) Sole-Traders(ii) Partnerships(iii) Corporations (Limited indebtedness companies)(iv) Cooperatives(v) Non-Profit Organizations5. mention the primary(prenominal) fiscal statements wide-awake by various business organizations financial Statements Income statement, concern and Profit & expiration A/C,Income and intake A/C, commensurateness sheets, immediate payment blend Statements.(Teachers be non evaluate to discipline how to make grow the immediate payment go statements just now it should be place as one of the financial statements which must be alert by corporations).6. tell the accounting make passThe Accounting cycle with its diagrammatic representation.7. delineate the concepts and conventions that address the accounting do by Accounting concepts and conventions principles which manoeuver the accounting handle assemblage and coordinated concept discreetness (conservation) concept organic structure concept stop entity concept.8. mensurate the spot and shock of technology on the accounting process (a) accounting processes which could be right away preformed by the use of the computer, for prototype payroll, tired control,debtors and creditors schedules.(b) What are the parcel presently organism use in Accounting e.g. Peachtree, SimplyAccounting (c) Advantages and disadvantages of using the computer in accounting.