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what is fundamentals of accounting ?

Answers were Sorted based on User's Feedback



what is fundamentals of accounting ?..

Answer / shanker

Fundamental Accounting means, the procedure follows right
from the Cash Book entry to till Balance Sheet - whatever
the procedure follows that is called fundamentals of
accounting

Is This Answer Correct ?    21 Yes 17 No

what is fundamentals of accounting ?..

Answer / praveenkumar.cheeli

PERSONAL A/C, 2. NOMINAL A/C, 3. REAL A/C.

IN PERSONAL A/C :(DEBIT THE RECEIVER
CREDIT THE GIVER).

NOMINAL A/C: (DEBIT ALL EXPENDITURE
CREDIT ALL INCOMES).

REAL A/C:(WHAT COMES IN
WHAT GOES OUT).

Is This Answer Correct ?    3 Yes 0 No

what is fundamentals of accounting ?..

Answer / amulya kumar nayak

According to AICPA,Accounting is an art of
recording ,classifying ,sumrising in a sagnifican manner in
terms of money &transaction and events which are in the
part of artlist in the financial charecter interpating the
result thereoff.

Is This Answer Correct ?    2 Yes 1 No

what is fundamentals of accounting ?..

Answer / swati mishra

fundamental of accounting is kind of accounts:-

personal a/a
real a/c
nominal/c

Is This Answer Correct ?    1 Yes 0 No

what is fundamentals of accounting ?..

Answer / santosh kumar mishra

Fundandamentals of accounting is record of Opening,
closing, incoming and outgoing of goods and cash.

Is This Answer Correct ?    14 Yes 20 No

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