Hello 3e2!

Welcome to a new chapter in sec 3, Principle Of Accounts.

Accounting is the process of recording, summarizing, reporting, analyzing and interpretation of financial information of an organisation.

Accounting affects the daily life of almost everyone. We need some form of accounting knowledge to deal with personal financial matters like budgeting, payment for daily necessities, utilities, installments, taxes, etc.

Thus, it is useful to have some accounting knowledge so that you are able to manage your finances efficiently.

Let’s all work hard for this new topic together, cheers! :)