Answer / h.r. sreepada bhagi

'Accountancy' is an art of recording the business
transactions in a systematic manner to enable preparation of
Statement of Income (Or Profit & Loss A/c to know the
profits earned or Loss incurred) for an accounting period
and of Balance Sheet (Statement of Assets & Liabilities to
know the position) as at the end of that Accounting period.
Book Keeping refers to preservation of Accounting documents,
vouchers, bills, registers, books, etc in an organised
manner to enable verification, audit, reference in future.

In the present day scenario, transactions are not recorded
and maintained in physical registers (books) but maintained
in electronic forms (Computerised Accounting)

Answer / ajaykumar

Accountancy includes both accounting and bookkeeping,accounting is the ascertain of financial position of organisation and financial transactions.booking is a art of recording transactions and financial documents in a systammatic manner...

what is the nature of accounting function ?

1 Answers   Karnatak University,

---

what is reconciliation ?

2 Answers  

---

Define Joint Venture

1 Answers  

---

What is the difference between Receipt & Payment Account and Income & Expenditure Account?

9 Answers   Accounting, Barclays, ICICI, Tarasons Communications, TATA,

---

can debenture is cenverted into share?if yes? how?

1 Answers  

---

---

How is SENSEX calculated?

1 Answers   FactSet Systems, Mellon,

---

AS 2 deals with

2 Answers   ICA,

---

sale tax which place effected

1 Answers  

---

i have recd airtel bill for june 13 month , what general entry i have to book in tally and Airtel come under which head ??

1 Answers   Educomp,

---

Tangible & Intangible Assets? Is goodwill a Tangible or Intangible Asset? Goodwill is an intangible asset.

2 Answers   EDS,

---

what is debtors?

9 Answers  

---

Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance

0 Answers   Banking,

---