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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What Do You Understand By The Word Accounting
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What Do You Understand By The Word Accounting
Answer
# 1
Accounting is a systematic  method of recording 
transactions in a set of books relating to a particular 
individual/institutions for a particular period.
 
Is This Answer Correct ?    2 Yes 1 No
Deepa
 
  Re: What Do You Understand By The Word Accounting
Answer
# 2
Accounting is the art of recording transactions, 
classifying them by preparing various ledger accounts and 
then summarizing them by preparing profit and loss and 
balance sheet.
 
Is This Answer Correct ?    1 Yes 2 No
Sweta
 
 
 
  Re: What Do You Understand By The Word Accounting
Answer
# 3
accounting is the art of recording bussiness transactions 
by passing journal entries,classifying them by preparing 
various ledger accounts and then summarizing them by 
preparing profit and loss account and balance sheet of the 
company.
 
Is This Answer Correct ?    0 Yes 0 No
Sweta
 
  Re: What Do You Understand By The Word Accounting
Answer
# 4
Accounting is recording,analising & summaring the all 
business transations.
 
Is This Answer Correct ?    0 Yes 0 No
Somesh
 

 
 
 
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  Question Asked @ Answers
 
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Purchase bills of the previouse year received in financial year explain treatment.  3
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