What do u mean by accounting?
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Answer / amar nayak
Accounting is the art of classfing ,recording,summersing
business transation and iterperting reasult thereof.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / zam
Accounting is the art of:-
Identifying = Whether it is purchase,sale or expense
transaction
Measuring = Can be measured in monetary terms or not
Recording = Preparation of journal entries
Classifying = Posting into ledger
Summarizing = Preparation of financial statements
Interpretation = through ratios and the resulted figures of
financial statements
Therefore, accounting is solution of complex
business problem which provides better solution with broad
accounting concepts and principles
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / imran
accounting is a form of recording,summerising and
interpriting business entity into a financial report.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / prabir kumar dey
Accounting is the way of recording, analysing and summerising
of an entities financial transaction and providing financial
information to wide range of user group for making economic
decision.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / m.d shakeel quadri
acconting is the art of recording,classifying and
summarizing in a significant manner and in terms of money
,transactions and results and events which are ,in part at
least,of a financial character and interpreting the results
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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Audit 
