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The classification of accounts into real, personal and nominal is based on their nature i.e. physical asset, liability, juristic entity or financial transaction. The further classification of accounts is based on the periodicity of their inflows or outflows in the context of the fiscal year: Income is a short term inflow during the fiscal year.
Descriptive writing is characterized by sensory details, which appeal to the physical senses, and details that appeal to a reader's emotional, physical, or intellectual sensibilities. Determining the purpose, considering the audience, creating a dominant impression, using descriptive language, and organizing the description are the rhetorical ...
A short account of a particular incident or event, especially of an interesting or amusing nature. [23] annals annotation A textual comment in a book or other piece of writing. Annotations often take the form of a reader's comments handwritten in the margin, hence the term marginalia, or of printed explanatory notes provided by an editor.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Account (abbreviated a/c) may refer to: Account (bookkeeping) A report; A bank account. Deposit account; Personal account; Sweep account; Transaction account; User account, the means by which a user can access a computer system; Customer of a company, used in B2B business account manager; account executive
A deposit account is a bank account maintained by a financial institution in which a customer can deposit ... by writing a cheque or using a debit card at a point of ...
Nominal accounts: These tracked activity that affected wealth, and the "restoration" into the real accounts reflected accounting's closing process and the calculation of the owner's increment in wealth—net income. Algebra balances and restores formulas on the left and right of an equal sign.
The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held. The drawer writes various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee , to ...