Understanding the purpose of accounting
Accounting is the process of keeping financial accounts. It is especially important in business to manage the money flowing in and out of the business.
In this section we will look at:
The purpose of accounting
Types of income
Types of expenditure
Instructions
Navigating
- You can navigate using the links on the left hand side or click on the arrows at the bottom of the page to move through the module.
- To move to the next or previous module within the unit, you will need to close the module by using the Close Unit button located at the top right corner of the screen and use the Next Module and Previous Module buttons.
Videos
- To turn on closed captions (CC) on a YouTube video, click the ‘CC’ button at the bottom of the video player, or go to the settings (gear icon) and select ‘Subtitles/CC’ to choose a language.