Interested to Buy Any Domain ? << Click Here >> for more details...
what difference b/w commerce and accounting?
- 2 Answers
- 18633 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shalini parisha
Commerce: Commerce is a division of trade or production
which deals with the exchange of goods and services from
producer to final consumer. It comprises the trading of
something of economic value such as goods, services,
information or money between two or more entities.
Definition: Accounting has also been defined by the AICPA
as"The art of recording, classifying, and summarizing in a
significant manner and in terms of money, transactions and
events which are, in part at least, of financial character,
and interpreting the results thereof.
Meaning:" Accountancy or accounting is the art of
communicating financial information about a business entity
to users such as shareholders and managers. It involves the
process of recording, verifying, and reporting of the value
of assets, liabilities, income, and expenses in the books
of account (ledger) to which debit and credit entries
(recognizing transactions) are chronologically posted to
record changes in value
| Is This Answer Correct ? | 25 Yes | 3 No |
Answer / murali royal
Commerce: means exchange and distribution of goods and
services. Which includes trade and aids to trade.
Exchange: means transferring the goods and services from
one person to another.
Distribution: means transporting or supplying the goods and
services from one place to another place.
Accounting: Its the language of business. Means the process of
recording,classifying,summarizing,interpreting,analyzing and
reporting of business transactions.
| Is This Answer Correct ? | 20 Yes | 3 No |
EXPAND___________ISRO
What are the benefits ofparticipation in a depository?
How to Maintain Medical Stores accounts in Tally?Please send me full details???????????????? thanks
what is meant by bills payable?
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
What is DRA in bank reconciliation.
karthiks due of Rs 35000/- was settled in full with a cheque of rs 31500/-Pass entry
FORFEITURE OF SHARESVS SURRENDER OF SHARES
Expand---------RMP
How do you value freehold property investment assets?
EXPAND______________OCC
Telly ERP9 is perfect accounting softwear in excise unit.
Audit 
