Answer / srikanth

Accounting the Systematic process of Recording, Classifying
and Summarising the Business Transactions.

Answer / ashwini

accounting is the systematic process of recording,
classifying, and summarising the business transactions

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.

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. . .

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.

What are the request will be submitted at the time of running payment batches

0 Answers   Accenture,

if we have charged vat @ 5% instead of 4% ,how can we rectify that invoice ?we have already send that invoice to our client and we have received that payment also .Invoice Dated 25/01/2010 Kindly advice on that .........

1 Answers  

journal entry for prepaid insurance and salary outstanding

0 Answers  

contingent goods?

6 Answers   Genpact,

how many types of deprecation (exactly)

14 Answers   Bank Of America,

Is it possible contra entry in SAP FICO

0 Answers  

1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

0 Answers  

Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)

0 Answers   eClerx, Meru Cabs,

how to enter in tally ? its a running company but now start to accounts maintaining we rent paid in advance (valid 1/6/2015 to 31/05/2016

1 Answers   Shah Enterprises,

what is capital and revenue expenditure

2 Answers  

What is Debit Note & Credit Note?

3 Answers   EDS,

I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

1 Answers