FRK 111

An Introduction to the understanding of accounting chapter 3 summary which covers the details of trading and service entities' statement of profit and loss.

Chapter 2 Summary, for FRK111 and FRK133 , the summary discusses the duality concept and statement of financial position.

Study notes for FRK111 or FRK133, from the textbook An Introduction to the Understanding of Accounting (2021). Describes the double-entry system, defines accounting and an entity, Accrual concept is discussed and the conceptual framework of accounting and lastly the measurement elements of financial statements

This is a summary of the textbook used in Year 1 Semester 1 of all BCom courses