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

EXPAND___________KFCC

2 Answers  

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Accounting Question Help Please? I would like to know how I should journalize this entry: Credit invoice received from Sam's Trailors for a 10% price adjustment on invoice #515, $1910 Please tell me what to debit/credit....purchase discounts, or purchase returns. THANKS

1 Answers  

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How to calculate turnover of a company?

2 Answers   Sharekhan,

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how do you calculates closing stock in Trading A/c

4 Answers  

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Do assets have to be analysed between funds?

1 Answers  

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EXPAND______________IBA

1 Answers  

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What is the relevant range and why is it important to a full understanding of the behaviour of costs?

1 Answers  

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sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..

0 Answers  

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Give me solved example of bank book and cash book

4 Answers  

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Expand B C D

2 Answers  

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what does profit and loss appropriation a/c on dr side of financial trial balance mean? pls answer my question

2 Answers  

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bonus shares?

22 Answers   Capital IQ,

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