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what is accounting
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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 |
Hi,i went for an interview they asked me why a balance sheet should tally.can anyone tell me
Withdrawn ₹ 10000 for personal use. [journlise it]
What are the types of liabilities accounts?
What is treasury operation..? How does it work..?
What are a debit note and credit note with an example?
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
how loan is different from debenture?
5 Answers State Bank Of India SBI,
what is the journal entry for accumulated depreciation?
what is accrual basis of accounting?explain in detail?
5 Answers Deloitte, Northern Trust,
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