basic knowledge of accounting ?
Answers were Sorted based on User's Feedback
Accounting is an
Art of recording
Art of Classifying
Art of Summarising
the Monetary Transaction & finally interpreting the results
Is This Answer Correct ? | 112 Yes | 10 No |
Answer / harshad
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 ? | 70 Yes | 8 No |
Answer / bhavani bv
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 ? | 58 Yes | 8 No |
Answer / murali.p
Accounting is art of Classifying, summarizing, recording of montary transaction according to the GAAP.
Is This Answer Correct ? | 22 Yes | 0 No |
Answer / latha devi vazir
Accounting is an method of identifying,arranging and passing required financial information to decision making in business.
Is This Answer Correct ? | 16 Yes | 3 No |
Answer / mahaveer palor
HI
ACCOUNTING IS ART OF CLASSIFYING SUMMARIZING RECORDING OF MONTARY TRANSACTION ACCORDING TO THE GAAP
Is This Answer Correct ? | 8 Yes | 2 No |
Answer / akbar
Accouning is an art of recording,clasifing,summerizing and analysing the monetary transactions from the accounting principles
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / santosh dhakal
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 ? | 4 Yes | 1 No |
I am trader & my office in Delhi & I have any Material purchase from Puna & I want directly dispatch material from Puna to Ludhina which my customer. So what can I do this transaction ? & what will the tax pay.
We R doing Yarn Dyeing by purchasing in India & exporting to Overseas, We can purchase the yarn against form H ?
Dear Sir/madam, Is this possible that Service Tax and VAT on a similar item at a time?
How much percent will take basic salary on gross salary ?
What is Cenvat
WHER ISFORM D2 USE.
why issue c form? what is procedure of issuing 'c' form?
18 Answers ABC, ABV, Aqualite, Banking, Fitch Metals,
how to calculate tds?
what r the heads of taxation
statutary compliances?
what are the rates of depreciation as per companies.Act.?
If any one provide TDS and Service tax Rates from 2003 to 2010