What is accountancy?
Mention the word “accountancy” and people immediately think of figures, numbers, adding, subtracting and big lined books covered in dust. To most, Accountancy is something dead, old and boring. Many people think that Accountancy is just a waste of time. Yet Accountancy is not a boring, nor dead subject – in fact, if you understand the basics, you will find that it is vibrant and can breathe new life into your struggling business. As soon as a transaction is processed, write it down or enter the information into a computer. Each slip of paper must be noted down and accounted for, whether it’s the cheque counterfoil for the stock bought or an invoice for your telephone account.
