Accounting: Accounting is an Art of Recording, Classification, Summarizing, and Interpreting the business Transaction.
Transaction: Transaction is the Exchange of Money and Money worth between two or more person.
Dealing: Two types
(i) Monetary: that dealing related to money.
(ii) Non-Monetary: that dealing not related to money.
Person: Person having three types:
(i) Natural: It is maybe a human being having related in dealing.
(ii) Artificial: In this type any Device, Gadget, or Machine what work at the behalf of human or natural person in dealing.
(iii) Representative: It is a co-relationship of Natural person & Representative person. In such type the Human & Machine work together to perform an Operation.
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