what do u know about accountancy and book keeping?
- 2 Answers
- 4652 Views
- State Bank Of India SBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
'Accountancy' is an art of recording the business
transactions in a systematic manner to enable preparation of
Statement of Income (Or Profit & Loss A/c to know the
profits earned or Loss incurred) for an accounting period
and of Balance Sheet (Statement of Assets & Liabilities to
know the position) as at the end of that Accounting period.
Book Keeping refers to preservation of Accounting documents,
vouchers, bills, registers, books, etc in an organised
manner to enable verification, audit, reference in future.
In the present day scenario, transactions are not recorded
and maintained in physical registers (books) but maintained
in electronic forms (Computerised Accounting)
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / ajaykumar
Accountancy includes both accounting and bookkeeping,accounting is the ascertain of financial position of organisation and financial transactions.booking is a art of recording transactions and financial documents in a systammatic manner...
| Is This Answer Correct ? | 0 Yes | 1 No |
which banks are CBS branches?
Who will be called as consignor
How to calculate salary structure( PF, ESI, Gratuity, CCA, HRA, etc)
I need the diffnation of Gross profit and Net Profit, kindly brief. Thanking U.
What is Amalgamation?
While selling fertilisers can we charge VAT on excise duty.
dada proposed to start a business. He had only N10,000 which was not enough to start the business, he got a loan of N10,000 from his bank
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
Will out standing expenses falls under preliminary expenses in balance sheet are not
what is merchant banking ?
what is the golden rule of accounting.
Calculate the profit/loss on sale of the following assets as on 30th september 2000 cost of the asset on 01.05.95 50000/- Salvage Value 5000/- Method of depriciation & date WDV 15% sales of asset on 30.09.2000 Rs 25000/-
Audit 
