What Do You Understand By The Word Accounting

Answer Posted / id4real

Accounting is the art of collecting,summarizing,recording,
analyzing and interpreting financial data of an enterprise
in order to enable the users to make economic decisions.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?

1776


How to increase our credit rating score quickly?

1464


What is meant by advance ruling? What is the scheme of advance rulings?

1552


how there face in lvbank interview

1615


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1554






difference between vat 47 & vat 49

2710


income from depreciated asset is profit or loss?

1011


Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

973


what is differred tax liability? explain in detail with some example.

2408


who introduces the single entry format?

1561


Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

2006


All shot cut key use in the tally software & it's uses

1620


what is meant by transposition error

1590


let me know the difference between net cash flow and income

1772


how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?

1468