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basic knowledge of accounting ?
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Accounting is an
Art of recording
Art of Classifying
Art of Summarising
the Monetary Transaction & finally interpreting the results
| Is This Answer Correct ? | 112 Yes | 10 No |
Answer / harshad
Account is an type of Maths. In School we calculate Number
but here we kept record of company deiatls like purchase,
sales, journaletc.
| Is This Answer Correct ? | 70 Yes | 8 No |
Answer / bhavani bv
Hi,
Accounts is nothing it is finally + and - what ever you
receive whatever you spend and applicable taxation.
Alway you have to rember accounting rule while you r
accounting
Personal account Debit reciever credit Giver
Real account Debit what comes in credit what goes out
Nominal account Debit Expenses and income credit income and
gain.
| Is This Answer Correct ? | 58 Yes | 8 No |
Answer / murali.p
Accounting is art of Classifying, summarizing, recording of montary transaction according to the GAAP.
| Is This Answer Correct ? | 22 Yes | 0 No |
Answer / latha devi vazir
Accounting is an method of identifying,arranging and passing required financial information to decision making in business.
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / mahaveer palor
HI
ACCOUNTING IS ART OF CLASSIFYING SUMMARIZING RECORDING OF MONTARY TRANSACTION ACCORDING TO THE GAAP
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / akbar
Accouning is an art of recording,clasifing,summerizing and analysing the monetary transactions from the accounting principles
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / santosh dhakal
Hi,
Accounting in simple term is the art(in hindi means kala)of identifying(identify whether the said thing is a transaction or an event,whether monetay or not),Recording(Journal),Classifying(same nature of item at a place in ledger),summaarizing(through B/s,P&l A/c),interpreating,and finally analysing the impact,so that the user of it may get the required information easily which may be a milestone for taking the decision for them.
| Is This Answer Correct ? | 4 Yes | 1 No |
if waybill issued by consignor , then c form issue whose responsibility?
0 Answers Saira Bath Concepts,
I had purchased a plot in Nov. 2002 for Rs 18lacs and spent about 20Lacs on its construction. Property is jointly owned by me with my husband in the ratio of 1/3:2/3. I am selling this property for 3cr. How much capital gain I/we have to pay? And can it be set off by purchasing new residential property? If so, can we purchase two separate residential properties, one in my name and one in the name of my husband, which could cover the capital gain amount. Can we do so or it is only purchase of one residential property against which capital gain can be set off. Please clarify.....
how to calculate cst? is it adjust with input cst and output cst? give an example.
6 Answers Suven Life Sciences, Vikas,
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Audit 
