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what is concept of accounting
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Answer / sheetal kumar garg
ACCOUNTING IS THE ART OF MAINTAIN OF RECORDS.
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / kiran kumar.r
The concept of accounting is to find out the performance of
the year and position of the entity at the end year by
following the accounting process i.e
recording transactions
posting them into ledger accounts
preparing trail balance
finally preparing financial statements
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / dasharath kurella
dual aspect concept
money mesurement concept
cost concept
bussiness entity concept
and etc is accounting concepts
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / kamlesh pandey
GOING CONCERN CONCEPT
BUSINESS ENTITY CONCEPT
DUAL ASPECT CONCEPT
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / laxmikant shinde
Account is a systemetic & signtific recording of all
transction in a bussion.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / ashish sakalley
Accounting is the art of classifying, summarising &
recording of data.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / manish singh tomar
in accounting many concepts
like as...
dual aspect concept
money measurement concept'
cost concepts
business entity concept
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajeshgupta
The main concept of Accounting is the art of recording,
classifying, summarizing &
recording of data with systematic manner which we can find
out the result easily.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / srinivas rao
accounting is the art of recording classifying summarizing
the
day to day money based transactions of the company and give
the information to bod's and publics
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / satyendra singh
Accounts is summerised records of transactions which is
related to a particular institutions or concern
| Is This Answer Correct ? | 0 Yes | 1 No |
machinery purchase of 10000 plus transportation 800 what will be the journal entry
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What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Goods purchased from Mohan on credit Rs 3000 3)Salary paid to Mohan 4)A sum of Rs 120 is realized on the sale of old furniture
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Audit 
