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WHAT IS THIS ACCOUNT
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Answer / moin
Acconut is a art of record
there are 3 golden principle of accounts they are
1. Personal a/c: debit credit
the receiver the giver
2. Real a/c : what comes in what goes out
3. Nominal a/c : expenses & losses incomes & gains
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / usha
Account is summarized statement of debit and credit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sami
account is an information system it is a process of
identifying measuring and recording of transactions
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / nagari sanjay
account is a consolidated statement of picture of all the
business transaction ralating to the business.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bijay parida
Accounting is an art of recording,classifing and
summarising the systematic manner
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / jay kumar
Account is a summerizing the business transactions. it is
an art of specificing assets, liabilities, payement items,
income items.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / arun kumar gupta
Accounting is a method of recording, summarising,
Classfying and interpretation of financial data.
There are three type of accounts
Personal--Related to name of any Person, Firm, Co. etc.
Real---Related to Assets & Liabilities as plant Building
Capital etc.
Nominal----Related to expenses & revenue as salary, Rent,
Commission etc.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vamsi
It is a systematic recording of all the transactions that
are takes place in a business for a particular period of
time i.e,annual period of time.
showing the profit&losses,income and expenditure of a
business.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sonali
There are 3 diff. types of accounts: Personal, Real and
Nominal.
The word account is used in various ways.
Eg: Person opening a saving accnt in a bank.
A retailer opens an account with wholeseller and vise versa.
A firm maintainig various accounts: cash accnt, P/L accnt ,
trading a/c etc.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / parusharamudu
account is a statement which is setting out for a
particular period and all the business transactions are
related to a person or any other subject and benefits
receied being on one side and benefits given being on other
side .
| Is This Answer Correct ? | 0 Yes | 2 No |
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Audit 
