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    Introduction to Accounting
    Introduction to Accounting
    Introduction to Accounting
    Ebook34 pages20 minutes

    Introduction to Accounting

    By IntroBooks Team

    ()

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    About this ebook

    Accounting can be termed as the psychology of transactions.
    Psychology studies the behavior of the mind. To define
    accounting, one can refer it to be the study of money and its
    behavior in day to day lives.
    Money is essential for the survival of any being in modern
    times. It is a priceless commodity that has simplified the
    process of exchange of goods and services. Over the years,
    money has also grown to value development, holistically and
    economically. This value of money cannot be figuratively termed
    unless it can show materialistic benefits to the individual(s)
    managing it.
    Only accounting can efficiently tackle such a business situation,
    if not any other.

    LanguageEnglish
    PublisherIntroBooks
    Release dateNov 14, 2019
    ISBN9781393114291
    Introduction to Accounting

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      Book preview

      Introduction to Accounting - IntroBooks Team

      Introduction to Accounting

      IntroBooks #550

      readintrobooks.com

      Copyright © 2019 IntroBooks

      ALL RIGHTS RESERVED.

      Preface

      Accounting can be termed as the psychology of transactions. Psychology studies the behavior of the mind. To define accounting, one can refer it to be the study of money and its behavior in day to day lives.

      Money is essential for the survival of any being in modern times. It is a priceless commodity that has simplified the process of exchange of goods and services. Over the years, money has also grown to value development, holistically and economically. This value of money cannot be figuratively termed unless it can show materialistic benefits to the individual(s) managing it.

      Only accounting can efficiently tackle such a business situation, if not any other.

      Summary

      Accounting is the basis and the solution for all financial hindrances, either in a household or a business. It is the diverse realm inclusive of various activities regarding finance of the company. Their reaction, their treatment in accounting, and the place they will be accounted as being debited or credited; accounting is the psychology of money.

      Psychology studies the behavioral sciences of the mind and how it can be predictive in a few aspects. Money and funds in an organization, with logical and strategic management of those funds, can be equally as rewarding. Despite or not of the risks encountered by the dynamic business world, finance is still and can be under the control of the organization.

      Finance plays an essential role in businesses. It can be in the form of capital, the initial investment made by a businessman/entrepreneur to bring shape and structure to his business idea. Finance is in a liability, an obligatory payment made to the sources that are funding the institution in the form of loans, creditors, capital, salary, and reserves. There are incomes

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