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

Difference between Horizontal & Vertical Balance sheet

3 Answers   Chartered Accountant,

hi all I am new here, I would like to ask one question. when a company (MNC) is following more than one accounting principle then what are the areas we need to change in sap.

1 Answers  

what is the pecentage of sale tax

2 Answers  

for an inter branch bank transfer (sbi to sbi)what entries should we pass?

3 Answers  

While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

0 Answers  

WHAT IS LIABILITY?

6 Answers   WNS,

Month end closing entries with example

1 Answers   Openhand, SJ Group,

journal

2 Answers   Bank Of America,

Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

0 Answers   Accounting,

What is Depreciation ?

8 Answers  

what is contigencies?

6 Answers  

What is journalizing?

0 Answers