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what is accounting

Answers were Sorted based on User's Feedback



what is accounting..

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.

Is This Answer Correct ?    19 Yes 0 No

what is accounting..

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.

Is This Answer Correct ?    7 Yes 1 No

what is accounting..

Answer / kavita kale

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

Is This Answer Correct ?    1 Yes 0 No

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More Accounting General Interview Questions

How to maintain the reserve a/c inspite of the withdrawls in a propreitorship and ways to reduce the gap of excess current assets to the less current liabilities.

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can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

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one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction.

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Features of Fixed Capital

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My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

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