THREE MAIN ACTIVITIES OF ACCOUNTING Prepare under the guidance of experts
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ACCOUNTING DEFINITION Of Singapore & Malaysia companies? Accounting can be simply defined by these three main activities •
Measurement or identification
•
Processing or recording
•
Communication of financial information
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TITLE
The three aspects can be understood by this formula: Asset= Liabilities + equity(stock holder’s) Add a Footer
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TITLE The Process of Accounting •
Assets
• Liabilities • Investments and Withdrawals • Revenues •
Expenses
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ASSET Asset is composed of many things like • Cash •
O ffi c e e q u i p m e n t ' s • Withdrawal's
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LIABILITIES •
Accounts Payable •
Pay r o l l Ta xe s •
Salaries •
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Rent
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INVESTMENT AND WITHDRAWAL'S •
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Cost Investment
•
Salary investments
•
Check Withdrawals
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REVENUE Bookkeeping revenue
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EXPENSES •
O ffi c e e x p e n s e
•
Salary Expense
•
Employee expense •
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U ti l i t y E x p e n s e 9
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• Tel / Fax: +65 6667 3158 • info@zeglobal.com.sg • https://www.singaporeaccountingservice.com/
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