Interested to Buy Any Domain ? << Click Here >> for more details...
what is accounting
- 5 Answers
- 7046 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / srikanth
Accounting the Systematic process of Recording, Classifying
and Summarising the Business Transactions.
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / ashwini
accounting is the systematic process of recording,
classifying, and summarising the business transactions
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / shanid
Accounting is about providing information to others.
So the basic purpose of accounting is derivation of
information.
The double entry system of accounting enables an
organization to derive the information which are only
related to accounting elements called account heads or
ledger account.
For example :
To know the value of furniture with the organization a
furniture a/c is maintained
To know the amount of expenditure incurred on account of
salaries a salaries a/c is maintained
The more the information is needed needed by the
organization the more the elements (accounting heads) that
are to be maintained by the organization.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / abdul hannan
accounting is a very broad concept but actually accounting
means recording of day to day transaction of the business
to keep the track records of the movement of the goods,
cash inflow and outflow as well. .
accounting refers to management of accounts on the daily
basis to knoe the opening n closing balances. . .
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / guest
Accounting is a art of recording,classifying,summarising in
a significance manners and in tern of many transaction and
event which are at laeat financial character of interpreting
the result thereof.
| Is This Answer Correct ? | 1 Yes | 0 No |
Pass the journal entry: rent outstanding
what is differenct between capital expenditure and revenue expenditure?
what is the Cash purchase limit.
Tell me the types of accounts involved in double entry book-keeping?
What is difference between accounts and finance?
who is the creditor and debtor
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
what is investment banking?
difference b/w trading a/c & manufaturing a/c.
please give me information about h form and c form used for which items?
Please Inform me the actual meaning & rate of C.S.T.,E.S.I.,Gift Tax,Service Tax,Excise duty,Professional Tax & Range of the same,Calculation of P.F. & F.P.F.
where outstanding debts being Rs 48000 and 20% considered to write off . pass jounal entry.
2 Answers Kalyani Forge, MCom,
Audit 
