what is concept of accounting

Answer Posted / srinivas rao

accounting is the art of recording classifying summarizing
the
day to day money based transactions of the company and give
the information to bod's and publics

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the differences between contrast bookkeeping and accounting

632


What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.

1777


What are accounting rules called?

668


how sales invoices adjusted against advance received from Debtor?

1485


What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

2947






What are the advantages & disadvantages of double entry system?

642


What is an Automatic Payment Program ?

1608


how to prepare brs statement for company in tally

2798


What does overhead mean in regards to accounting?

660


IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?

1678


Key difference between indian accounting standards and international accounting standards is.

643


on what rate depreciation will be calculated?

1720


If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

2172


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

655


How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.

1166