Interested to Buy Any Domain ? << Click Here >> for more details...
what is accounting? pls tell me in exact definition
- 3 Answers
- 7319 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suresh lakra
Accounting is the art and science of recording classifying
summerising in a significant manner in terms of monetary
transaction event which in part at least of a financial
character and interpreting the result thereof.
| Is This Answer Correct ? | 8 Yes | 0 No |
accounting is the systematic way of entering all the
business transactions in various books of accounts.it
involves in various stages like....
1.journalising of all day to day transactions of business
ina book called journal and the procedure is called journal
entries
2.from journal, post them into various accounts called ledger
3.from the balances of ledger prepare trial balance.
4.from trial balance prepares final account i.e, Trading and
profit and loss a/c and Balance sheet
from the balance sheet we came to know whether the company's
financial position is sound one or not.......
from satish ;)
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / venugopal_reddy_4u@yahoo.com
finance means procuring funda for effective utilisation is
called finance.
it is just like a heart to any organisation..
| Is This Answer Correct ? | 5 Yes | 1 No |
What is a cash flow statement
what is difference between cash and profit?, and why netprofit comes under capital account?
3 Answers ITC Infotech, Rolls Royce,
what is working capital in what way it is useful for company or orgainzation
Short Answer on ___________Authorised Share Capital
1.what is debenchers? 2.what is devident? 3.reverce merger?
fiscal year variant Vs posting period variant
What is mean by Journalising ?
13 Answers Capital IQ, Su Kam,
why preliminary expenses are written off every year from profit and loss a/c.??
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
What is meant by Intangible Assets?
what is break even point?
31 Answers ADP, College School Exams Tests,
what are the procedures of paying service tax and vat?
Audit 
