BEGINNERS

AT THE BEGINING LEVEL WE HAVE TO UNDERSTAND WHAT IS ACCOUNTING.
A BUSINESS NO MATTER HOW BIG OR SMAAL IS RUN TO MAKE PROFIT, TO FIND OUT A FAIR RECORD OF BUSINESS TRANSACTIONS HAS TO BE MADE SO ACCOUNTING IS "THE METHOD OF RECORDING BUSINESS TRANSACTIONS OR EVENTS".

KNOW QUESTION ARISES WHAT IS TRANSACTION OR EVENT HERE ARE SOME EXAMPLES OF EVENTS

1, A PERSON STARTED BUSINESS BY INVESTMENT OF 10,000$.
2, A BUSINESS OWNER PURCHASES SOME GOODS TO SALE (E.G. SHOE SELLER   PURCHASED SHOES)
3,  BUSINESS INCUR SOME TRANSPORTATION EXPENSES.
4, OWNER DRAWS SOME MONEY FOR PERSONAL USE.\
5, BUSINESS OWNER PAYS BILL OF ELECTRICITY FOR EXAMLE (SHOP, OFFICE, FACTORY)

ALL THESE ARE EXAMPLES OF TRANSACTIONS, AND ACCOUNTING IS THE METHOD OF KEEPING RECORDS OF SEVERAL TRANSACTIONS LIKE THIS IN PROPER WAY.

THESE TRANSACTIONS ARE RECORDED UNDER SOME PRINCIPLES WHICH ARE  KNOWN AS "GAAP" ( GENERALLY ACCEPTED ACCOUNTING PRINCIPLES).