Business activities and transaction processing. Learning objectives To understand the various business activities and business decisions that are made. To decide on the information that is needed for various decisions. To review the steps in the accounting cycle.
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Business activities and transaction processing
To understand the various business activities and business decisions that are made.
To decide on the information that is needed for various decisions.
To review the steps in the accounting cycle.
To understand the principles of internal control.
chart of accounts
Acquisition of premises and equipment
Marketing and selling product/service
Collecting amounts owing from customers
Paying amounts owing to vendors
Paying amounts owing to loans
Paying amounts owing to employees
Paying amounts owing to Australian Taxation Office