Answer / tulja

Accountancy or accounting is the process of maintaining,
auditing, and processing financial information for business
purposes.

Accountancy allows the creation of accurate financial
reports that are useful to managers, regulators, and other
stakeholders such as shareholders, creditors, or owners. The
day-to-day record-keeping involved in this process is known
as bookkeeping.

Answer / suresh

accounting is art of recording classifying summarizing and
significant manner in terms of monitory transactions of
business activities.

Answer / arshad

Accounting is an art of recording, summarizing and
classifying the business transactions.

Answer / kiran

Accounting is the Analysis and interpretation of book-
keeping records. It includes maintainance of accounting
records and preparation of financial and economic
information.

Answer / beena

The systematic recording, reporting, and analysis of
financial transactions of a business. The person in charge
of accounting is known as an accountant, and this individual
is typically required to follow a set of rules and
regulations, such as the Generally Accepted Accounting
Principles. Accounting allows a company to analyze the
financial performance of the business, and look at
statistics such as net profit.

Answer / lav sharma

At the end of the year businessman wants to know about end
year position so at the end of the year we can know about
what's we have gained and what’s we have lost.

With the help of accounting we can easily know that what we
have assets and what are the liabilities in the end of the
year.

The hole year transaction like…. money exchange,
purchasing, selling etc we can recorded throughout book-
keeping, accounting and accountancy.

In book-keeping we can record all transaction and when book-
keeping closed we start accounting and in accounting we
summarizing the all transaction throughout profit and lose
account and balance sheet.

Answer / guest

accounting is the art of recording

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