Answer / amar nayak

Accounting is the art of classfing ,recording,summersing
business transation and iterperting reasult thereof.

Answer / zam

Accounting is the art of:-
Identifying = Whether it is purchase,sale or expense
transaction
Measuring = Can be measured in monetary terms or not
Recording = Preparation of journal entries
Classifying = Posting into ledger
Summarizing = Preparation of financial statements
Interpretation = through ratios and the resulted figures of
financial statements
Therefore, accounting is solution of complex
business problem which provides better solution with broad
accounting concepts and principles

Answer / srinivasa.srini

A/c ing s a day to day transactin

Answer / imran

accounting is a form of recording,summerising and
interpriting business entity into a financial report.

Answer / prabir kumar dey

Accounting is the way of recording, analysing and summerising
of an entities financial transaction and providing financial
information to wide range of user group for making economic
decision.

Answer / m.d shakeel quadri

acconting is the art of recording,classifying and
summarizing in a significant manner and in terms of money
,transactions and results and events which are ,in part at
least,of a financial character and interpreting the results

what is mercentile system in accounting

1 Answers  

IN ONE OF THE MAUNUFACTURING COMPANY, THE MANAGMENT WAS VERY MUCH INTERESTED TO INTRODUCE ERP(IT IS FOREIGN SOFTWARE)BASED ON SOME ATTRACTIVE FEATURES EXPLAINED BY THE ERP SOFT WARE COMPANY/AGENCY . THE ACCOUNTING STAFF ARE ALL CONVERCENT WITH TALLY ACCOUNTING PACKAGE(INDIAN ACCOUNTING METHOD). THEREFORE THEY WOULD LIKE TO KNOW THAT (I) WHAT ARE THE DIFFERENCE BETWEEN A TRIAL BALANCE FROM NORMAL TALLY ACCOUNTING AND ERP GENREATED TRIAL BALANCE (2) SINCE THE BOTH THE TRIAL BALANCE WILL BE HAVING DIFFEERENT DATAS HOW SOME ONE CAN MAKE A FINAL ACCOUNT SUCH AS TRADING A/C PROFIT & LOSS ACCOUNT AND BALANCE SHEET AS PER INDIAN COMPANIES ACT. THE TRIAL BALANCE AS PER ERP SHOW SOME COST OF PRODCUTION A/C, LABOUR/MATERIAL/VALUE VARIANCE A/C. SAY ALL THESE VARIANCE ARE CORRECT AND BASED ON THE ACTUAL TRANSACTION TAKEN PLACE, HOW SOMEONE CAN A FINAL ACCOUNT MEANT FOR INDIAN ACCOUNTING POLICY WHICH TO BE SUBMITTED TO VARIOUS GOVT BODIES? I AM TOTALLY CONFUSED

1 Answers  

Describe the Balance Sheet?

2 Answers   Cognizant,

Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Profit and loss statement,Or should it be included under head Provision for Taxation

1 Answers  

IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?

2 Answers  

What are the advantages of computer accounting over paper accounting?

0 Answers  

What are the different fields of accounting?

0 Answers  

A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

0 Answers  

WHAT DO YOU MEAN BY SERVICE TAX.

2 Answers   Genpact,

Hi, I want to know whether PF Deduction is applicable if the CTC Is Rs.7000/-PM. We already deducted ESI On Gross Salary (1.75%). Whether PF Is applicable in this?Employee & Employer?

3 Answers  

what show in balance sheet after deduct last depreciation of assets

2 Answers  

What is the maximum amount of Bank DD or PO we can make in INR?

2 Answers