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INTRODUCTION TO FINANCIAL ACCOUNTING
| Institution | MASENO UNIVERSITY |
| Course | BCOM |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Mwalimu Evans Okoyo. |
| File Type | |
| Pages | 16 Pages |
| File Size | 551.92 KB |
| Views | 6140 |
| Downloads | 1 |
| Price: |
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Description
Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money the transactions and events which are in part at least of a financial character and the interpretation of the results thereof.
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1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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