a. What is accounting and how does it help you manage your personal finances?
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. Having a good accounting system helps a person track your expenses. Accounts to help you meet your individual and family goals. For example, writing down your longer-term financial goals and putting them in order of how important they are. Another way to manage your personal finance is with a budget. It's an invaluable tool to help you prioritize your spending and manage your money. inventory sheets pay roll sheets price sheets of inventory.
b. Describe the three products of accounting and bookkeeping procedures
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. Having a good accounting system helps a person track your expenses. Accounts to help you meet your individual and family goals. For example, writing down your longer-term financial goals and putting them in order of how important they are. Another way to manage your personal finance is with a budget. It's an invaluable tool to help you prioritize your spending and manage your money. inventory sheets pay roll sheets price sheets of inventory.
b. Describe the three products of accounting and bookkeeping procedures