What do you mean by Accountancy and Accounts?
Answers were Sorted based on User's Feedback
Answer / lxmi1972
Accountancy means a study of subject in which all the
accounting transactions will be consolidated and Financial
status of the company is known.
Accounts means recording of all transactions by book
keeping and finally to show a true and fair view of the
company status for a desired period. (Say Year closing)
Is This Answer Correct ? | 23 Yes | 2 No |
accountancy is a subject which involves concepts and
conventions rules and regulations and specified formulaes
which makes accounts simple
accounts means recording of all the transactions and
maintaining all the books which were related to accounts
Is This Answer Correct ? | 6 Yes | 4 No |
Answer / suresh dhami
Accountancy is a father of a account & account is a son of
the accountancy. Accountancy is related to the senior level
post i.e finalization of the books of accounts.
and accounts is simple to maintain books records.
Is This Answer Correct ? | 1 Yes | 6 No |
what is the diffrence between bank o/d & bank occ?
credit card expenses entry kisme pass karenge
hi to all what is the usage of legal enitiy in oracle apps r12. its functions. and why it is necessary plz answer my question as soon as possible
What are the three factors that can affect your cash flow and business profitability?
WHAT IS MEANING OF PROVISION
How many types of Methods of Depreciation Calculation ?
What does the standard journal entry includes?
What is negative goodwill?
What is the goodwill, how it will be calculeted.can Goodwill posted on laibiltes side Balance sheet.
Journalize the Following: 2. Monthly credit sales were $ 35,000 3. Received Cash receipt payments on Receivables in the amount of $ 10,000. 4. Customers’ cheque in the amount of $ 100 bounces and was re-deposited. Book both entries. 5. Material is bought on account for £ 100,000. The exchange rate is Four pounds to One Dollar. Then, later, merchandize is paid for. The exchange rate is Five pounds to One Dollar. Book both entries in Dollar when merchandize is bought and when it was paid. 6. Materials worth $ 20,000 was purchased on account and paid for with 1% discount. Book both entries. 7. Record the purchase of Direct Material on Account in the amount of $ 20,000. Half of it was for stock and the other half for a specific job order. 8. Record the disbursement of $ 1,000 raw material to shop floor for use on specific job
How is going concern assumption and accounting period convention related?
correction of sundry creotors