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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1915)
 Accounting General interview questions  Accounting General Interview Questions (2842)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
basic knowledge of accounting ?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Accounting is an
Art of recording
Art of Classifying
Art of Summarising
the Monetary Transaction & finally interpreting the results
 
Is This Answer Correct ?    97 Yes 10 No
Dinesh Aicwa
 
Answer
# 2
Account is an type of Maths. In School we calculate Number
but here we kept record of company deiatls like purchase,
sales, journaletc.
 
Is This Answer Correct ?    65 Yes 8 No
Harshad
 
 
 
Answer
# 3
Hi,

Accounts is nothing it is finally + and - what ever you
receive whatever you spend and applicable taxation.

Alway you have to rember accounting rule while you r
accounting

Personal account Debit reciever credit Giver
Real account Debit what comes in credit what goes out
Nominal account Debit Expenses and income credit income and
gain.
 
Is This Answer Correct ?    53 Yes 8 No
Bhavani Bv
 
Answer
# 4
Accounting is art of Classifying, summarizing, recording of montary transaction according to the GAAP. 
Is This Answer Correct ?    17 Yes 0 No
Murali.p
 
Answer
# 5
Accounting is an method of identifying,arranging and passing required financial information to decision making in business. 
Is This Answer Correct ?    12 Yes 2 No
Latha Devi Vazir
 
Answer
# 6
HI
ACCOUNTING IS ART OF CLASSIFYING SUMMARIZING RECORDING OF MONTARY TRANSACTION ACCORDING TO THE GAAP
 
Is This Answer Correct ?    4 Yes 2 No
Mahaveer Palor
 
Answer
# 7
Hi,
Accounting in simple term is the art(in hindi means kala)of identifying(identify whether the said thing is a transaction or an event,whether monetay or not),Recording(Journal),Classifying(same nature of item at a place in ledger),summaarizing(through B/s,P&l A/c),interpreating,and finally analysing the impact,so that the user of it may get the required information easily which may be a milestone for taking the decision for them.
 
Is This Answer Correct ?    1 Yes 1 No
Santosh Dhakal
 
Answer
# 8
Accouning is an art of recording,clasifing,summerizing and analysing the monetary transactions from the accounting principles 
Is This Answer Correct ?    0 Yes 0 No
Akbar
 

 
 
 
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