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Title: Theory Of Accounting
Description: 1st year beginners level notes . What is business ? Accounting cycle Assets Forms of assets = Tangible assets , Intangible assets Types of assets = Current assets , Fixed assets Expenses Liabilities Types of liabilities = Current liabilities , Long - term liabilities Capitol Owner's equity Types of equity Income Practice Questions Answers of questions Users of accounting information Internal users External users Accounting equation Practical implementation of concepts Head of accounts Charts of accounts Their types

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Title: Theory Of Accounting
Description: 1st year beginners level notes . What is business ? Accounting cycle Assets Forms of assets = Tangible assets , Intangible assets Types of assets = Current assets , Fixed assets Expenses Liabilities Types of liabilities = Current liabilities , Long - term liabilities Capitol Owner's equity Types of equity Income Practice Questions Answers of questions Users of accounting information Internal users External users Accounting equation Practical implementation of concepts Head of accounts Charts of accounts Their types