WHAT IS ACCOUNTING?
Answers were Sorted based on User's Feedback
Answer / vivek
according to Bierman and Derbin,"accounting may be defined
as the identifying,measuring,recording,communicating of
financial information".
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / gaurav agarwal
accounting is defined as the art of recording business
tranactions which is in monetary terms.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / karan
ACCOUNTING IS THE ART OF RECORDING ,CLASSIFYING AND
SUMMARIZING AN SIGNIFICANT MANNAR , IN TARMS OF MONEY
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / balaji ganesh
Accounts is nothing but language of business,A Business can speak to goverment,share holders(the latter,If in the case of public limited company)through accounts only.its an art of recording giving and reciving aspect of any business or individual.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mak
Accounting is a system of recording transaction which is
related to business.
| Is This Answer Correct ? | 0 Yes | 1 No |
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Expand H D I
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
how to give the jv for the following transation eg',Our Comapny Name U2 1.cheque recd from customers of Associate Comapany (U1 Ltd):575 on U2(Our company Name).we deposited that cheque in our bank a/c. 2.U1 debited U2 for 575/- passing 1 jv like Due from U2(Our comapnY) dr 575 To collection from Customers cr 575. now how can I recognise both entries and how can i reconsile my BRS... This Receipt is not belongs to U2