Interested to Buy Any Domain ? << Click Here >> for more details...
tell me about accounting
- 8 Answers
- 10542 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ashid puzhakkal, m.com.,b.ed.
According to AICPA, "accounting is the art of recording,
classifying, and summarising in a significant manner, and
in terms of money, transactions and events which in part
atleast of a financial character and interpreting the
results thereof"
In simple, accounting is the language of business
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / laxman
Accounting is an art of recording,classifying,summarising
the financial information of the company in the given
period of time.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sonali
Accounting is a process of recording day to day business
transactions in a systematic manner.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / kiran kumar
Accounting is the Blood of the Business and Accountant is a
watch dog. Only Accountant has no sleeping hours as He has
to watch every moment of the business for 24 hours.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ami
As per my view Accounting is an art of recording ,
maintaining and summarizing companies datas . Accounting is
the process to show company finacial condition through
Profit and loss A/c and Balance sheet.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / gokul
Accountig is a language of business.As a primery aim of a
language is to serve as a means of communication,accounting
is to communicate business information.The objective of
accounting is to provide information which is useful for
person inside the organisation and for person or groups
ouutside the organisation.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / naresh rana
Accounting is a language of business and it is process of R2R
Recording
Classifying
Summarising
Analysing
Interpreting
Reporting in this systematic manner
| Is This Answer Correct ? | 0 Yes | 0 No |
send me accounting test ppaers
how is cost concept extension of on going concept?
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
what is the meaning and abservation of EBITDA
what are the content of purchase order?
0 Answers Accenture, Capital IQ,
what are the questions commomly asked in reuter's interview.?
what is bankrupt? asked on 30/7/09
Pls. advice me the REVALUATION ENTRY FOR AN ASSET
What is communicating
what is the meaning of bank reconcilation
Why the closing stock will not appear in the Trial Balance?
Audit 
