Interested to Buy Any Domain ? << Click Here >> for more details...
what is the accounting
- 7 Answers
- 8550 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sandesh
The bookkeeping methods involved in making a financial
record of business transactions and in the preparation of
statements concerning the assets, liabilities, and
operating results of a business
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / bharat bhushan sachdeva
Accounting is an art of recording,classifying,summarizing
and analysis the economic transaction for maintaining the
books of accounts and analysis of that for further decision
making.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / k shivasankar
accounting is the process of recording , sorting
sumaarising the data
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / pooja jain
accounting is the process of recording, summerising &
analysing financial transactions of day to day life so as
to maintain systemayic & deliberate record of transactions.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / poonam
In short"Accounting is a sumrizes and systematic record of
daily transaction in book of account in ledger."
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / radha
The Accounting is "the art of recording, Classifying and
Summarizing in a significant manner and in terms of money,
transactions and events which are part at least of a
financial character and interpreting the result thereof."
| Is This Answer Correct ? | 1 Yes | 1 No |
Explain the before an audit processes?
Why we are prepareing Bank Reconciliation Statements ?
what is mat calculation ?
What would you do if a member of your audit team was under performing?
Define decommission liability?
What are the essential of internal audit?
how to calculate differ tax?
What do you see as "a good job"?
State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100
what are the cost audit and management audit?
what is the difference between cash discount and trade discount. what is the journal entry for purchase of 100000 giving (a) 5% trade discount (b) 5% cash discount.
What sorts of accountant count as "qualified accountants" to be independent examiners for charities with income over ?100,000 or assets over ?1,000,000?
Audit 
