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WebAccounting is using book-keeping records to prepare financial statements and to assist in decision-making. A statement of financial position shows the assets and liabilities of a business on a certain date. KEY TERMS You will learn more about financial statements in Chapters 8 and 9. LINK 1 Define the term book-keeping. 2 Define the term ... WebNov 8, 2013 · The purpose of this guide is to assist teachers and learners in Grade 10 - 12 to manage and provide a detailed study of the Accounting processes. The self-study … WebIn Grade 9 you learnt the basic accounting concepts and book entries. e best way to understand Accounting in Grade 10 is to: recap Grade 9 Accounting terminology understand the accounting cycle and apply it to the bookkeeping process understand the accounting equation and double entry. 1. Assets Assets belong to the business. butterfly macular dystrophy