Answer / guest

accounting is an art of recoding,classifying and
summarizing in a significantmanner and in terms of
money,transactions and events and interpretting the results
thereof.

Answer / kiran

Accounting is the analysis and interpretation of
book-keeping records. It includes not only the maintenance
of accounting records but also the preparation of financial
and economic information which involves the measurement of
transactions and other events relating to the entity.

In simple words we can say that-

accounting is an art.......
of recording, classifying and summarizing.........
in terms of money......
transactions and events of financial nature and
interpreting the results thereof.

Answer / kavita kale

Accounting is summarised record of all the transaction relating to particular person, property, expenses and income........

want to know the questions and answers frequently asking in banks at the time of interview for any cadre

0 Answers  

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Describe in brief introduction of Account.

2 Answers  

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why profit and loss account debit balance appeare in the asset side of balance sheet?

11 Answers   Genpact, HCL, Rites,

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when cheque deposited into bank, how to enter in tally?

1 Answers   Wipro,

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A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among A and B is (a) 4,680 and 3,120. (b) 4,800 and 3,000. (c) 5,000 and 2,800. (d) None of the above.

1 Answers  

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what is ctt

3 Answers   Bank Of India,

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hi friends... what it is the journal entry to be passed when the loan sanctioned by one bank and same the cheque was deposited in another bank on same day.? thanks & regards

6 Answers  

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what is representative personal accounts?? explain with examples...

11 Answers   Capital IQ, TATA,

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How do you add/remove a payment block for particular invoice ?

0 Answers  

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Is petty cash book is compulsory in all companies?

1 Answers   ACS,

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What is difference between Cash Flow and fund flow

0 Answers  

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what is an assets?

6 Answers   WNS,

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