WHAT IS THE MEANING OF ACCOUNTING
Answers were Sorted based on User's Feedback
Answer / abhinav ratna
Accounting is art of recording classifing and summarising
of the financial records and interpreting the results
thereof. it provides the quantative information primarily
financial in nature about the economic entities activity.
Is This Answer Correct ? | 14 Yes | 1 No |
Answer / abdul hassan
accounting is systematics and presentation and financiaql
activities of the business entrepreneur
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / arun chauhan
Accounting is the process of recording the transaction in a systematic and scientific manner only for those transactions which can me measured in terms of money
Systematic manner means within proper format as described by the accounting standard.
Scientific manner means if you are going to purchase a thing and it takes 1 hr for final transaction then you should record the transaction with final amt not the whole bargaining.
Is This Answer Correct ? | 0 Yes | 0 No |
How do you calculate GRATUITY and how much its exempted under taxation?
Explain what is accrual accounting?
What is the purpose of financial statements?
tally interest entry journal entry income expance entry
what is stock split up
What is the meaning of Trial Blance?
5 Answers Accenture, Amit Enterprises, Laposs Hardware,
Can you name any other accounting application?
Apportionment of expenses
how many types excise audits and when they are applicable to firm
what is GA (general accounting).
Please let me have the detailed answer about journal entry in tally and difference between sales and journal entry.
steps for finalisation of accounts and related entries