PEARSON (PEARSON) • ACCOUNTING BTEC DIPLO
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BTEC Business Accounting (Assessment activity 5.1 & 5.2) 
Introduction P1: 
In this assignment, I will be describing the purpose of accounting in the business. By 
explaining how each purpose help the entrepreneurs and how the financial 
statement help the business company. And last of all, I will give all the accounting 
definition terms to help you to understand it easily. 
P1-Describe the purpose of accounts. 
What is accounting? 
Accounting is the process of identification, measurement, accu...