Answer / gurpreet singh

1. Recording of transactions concerning & affecting the
business.
2. Preparation of neccesary accounts & balancesheet as
required by statutes: &
3. Apprising the owners of the business about the results
of the business over a period of time.

Answer / aman

characterstics of financial a/cin are-
1- to know the financial position of the copmany.
2- transaction recorded in cronological order.

Answer / abhijit mandal

The art of recording, classifying and summarising in a
significant manner and in terms of money, transactions and
events which are atleast in part of a financial charecter
and interpreting the result.

Answer / arpana

Characteristic features of financial accounting:-
*It consists those transactions which can be expressed in
terms of money.
*Its a hystorical form of accounting as it concerned with
recording of tranjectionsi.e. financial statement.
*In perticulal case,its a legal requirement.
*This accounting meant for people who are external to the
company.
*Its a intrim report and can't be a final ones.
*This process of accounting gets largely affected due to
the various accounting policies followed by the accountants.

Answer / sammy

transaction made monetary form

Short Answer on _________Revenue Expenditure

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How can be adjusted advances in the next year, shown at liabilities side in last year balance sheet (these advances in the name of unreal persons). status of firm - Pvt. Ltd. Company . Nature of business is automobile service. industry. suggest me

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how to give the jv for the following transation eg',Our Comapny Name U2 1.cheque recd from customers of Associate Comapany (U1 Ltd):575 on U2(Our company Name).we deposited that cheque in our bank a/c. 2.U1 debited U2 for 575/- passing 1 jv like Due from U2(Our comapnY) dr 575 To collection from Customers cr 575. now how can I recognise both entries and how can i reconsile my BRS... This Receipt is not belongs to U2

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Define current assets

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if 9+3=722,5+7=536,8+6=845,4+4=613,then what is 7+2=???

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Gross Profit Margin ?

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what is the basic function of accounting?

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to attend interview for real estate company accounts

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let me know the meaning of Drawer,Drawee and payee of the cheque

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