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What is Accounting?
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Answer / pawan kumar jangir
Accounting is the art of Recording, Classifying &
Summarizing all monetary term information about business.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / vivek
Accounting is a method or system used to keep track of and
determine the financial status of a person or company's
income/assets and outlay of money/possessions.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / vandana
To provide a record such as funds paid or received for a
person or business. Accounting summarizes and submits this
information in reports and statements. The reports are
intended both for the firm itself and for outside parties.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / anil bhingare
Is an art of recording business dealing in set of books. It
is the summerized record of transaction relating to one
person one head of expenses or losses / or one head of
incomes or gains.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / mubarak
Accounting is the art of recording,classifying,
summarising,in significant manner and in terms of money ,
transaction and events which are in part of atleast and
interpreting the results there of .
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anil bhingare
It is summerized record of transaction relating to one
person one head of Expenses or Losses and one head of
Incomes or gains.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sidhartha
Accounting is the language of business and involves
recording, classifying and summarizing the financial
transactions of a business in a prescribed manner for the
benefit of its users
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / ajay mishra
Accounting is an art, and an accountant is a person who
gives accounts for busuness its many characters likes
recording data of business, summarzing and classifing by a
businessman and by the C.A.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / srinivas annavarapu
Accounting is an art starting from recording day to day
transactions to preparing financial statements of a
business / firm to disclose the financial position of the
business to the benefit of interested parties (like
shareholders & statutory authorities).
| Is This Answer Correct ? | 1 Yes | 1 No |
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