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Transaction analysis

Learning objectives:
  • Define and explain business or financial transaction and its types.
  • Classify accounts using traditional and modern approach.
  • Explain the rules by which we debit or credit various accounts (usually known as rules of debit and credit).
  • Understand the four step process of analyzing a business or financial transaction.

Number of pages: 4
Approximate time required: 1.5 - 2 hours

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