Unit 3 Basic Principles and Methods of Accounting

 

In this unit basically, it is to recall what we learned in our student days in high school or basic I mean. It has 7 years and I think I need to relearn. It was an interesting experience because some of the concepts I learned are written easier to understand than those written in my past textbook. It was basically learning ground rules in accounting and it made me think deeply due to the realization of the importance of accounting principles and accounting methods also. This is the foundation or pillars that students build on the knowledge of accounting and I did not know that when I was in class 11.