What is a accounts? and why have u prepare Accounts only one
methods ?have a possible a different pattern?
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Answer / ankit sharma
accounts is a partern to record transaction properly so
that we find Profit & loss. we have prepare accounts only
one method because if we change our method regurally we
never find correct result and we never compair our
financial statement. yes if our business activity change or
in the change in constitution & rule & regulation.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / harendra singh
Accountancy is the art of communicating financial
information about a business entity to users such as
shareholders and managers. The communication is generally
in the form of financial statements that show in money
terms the economic resources under the control of
management.[1] It is the branch of mathematical science
that is useful in discovering the causes of success and
failure in business. The principles of accountancy are
applied to business entities in three divisions of
practical art, named accounting, bookkeeping, and auditing.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / hemant
Account means to record transaction properly and it help in
maintaining the books and accounts of the company.Account
also help in finding the Profit/Loss of the co. There are
two type of method i.e. Single Entry System and Double
Entry Sysstem. Changing of method create various
difficulties in preparing the accounts. Most of the co.
adopt double Entry System.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / srikanthi singireddy
accounts are dealt with financial transactions of firm , so
if they keep on chnaging it would be difficult for the
organisations to maintian or come toa conclusion whether
the firm acquired profits or losses. so they do not prefer
chaging in accounts pattren.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / hari
Accounts is the methold of Accountany. Which help we known
the financial status of company.
| Is This Answer Correct ? | 0 Yes | 1 No |
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