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WHAT IS THE MEANING OF ACCOUNTING

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WHAT IS THE MEANING OF ACCOUNTING..

Answer / abhinav ratna

Accounting is art of recording classifing and summarising
of the financial records and interpreting the results
thereof. it provides the quantative information primarily
financial in nature about the economic entities activity.

Is This Answer Correct ?    14 Yes 1 No

WHAT IS THE MEANING OF ACCOUNTING..

Answer / abdul hassan

accounting is systematics and presentation and financiaql
activities of the business entrepreneur

Is This Answer Correct ?    1 Yes 1 No

WHAT IS THE MEANING OF ACCOUNTING..

Answer / arun chauhan

Accounting is the process of recording the transaction in a systematic and scientific manner only for those transactions which can me measured in terms of money

Systematic manner means within proper format as described by the accounting standard.

Scientific manner means if you are going to purchase a thing and it takes 1 hr for final transaction then you should record the transaction with final amt not the whole bargaining.

Is This Answer Correct ?    0 Yes 0 No

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More Accounting General Interview Questions

All Interview related Questions pertaining to General Ledger,Finance & Accounts.

0 Answers  


what is the meaning of A/c

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can any accountant forward format of daily or monthly mis format for accounts and finance dept!!

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what is the relationship between bookkeeping and accounting?

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There is no item category assigned to account

0 Answers   McML,


Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

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What is a 3 Column cash book?

15 Answers  


what is accural

5 Answers   Genpact,


3. Cash Flow from Operation: Assume a company with an Income Statement showing: Net Income …. $ 180,000/- Depreciation …. $ 80,000/- Amortization … $ 60,000/- Deferred Income … $ 40,000/- What would be the: a) Cash Flow from operation b) Ratio of Cash Flow

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Journal entry for Telephone purchased in credit?

5 Answers   Amazon,


What is debit and credit?

7 Answers  


Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

0 Answers  


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