what is accounting
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Answer / rajesh
It is art of recording &summersing of alltransactions in
meaning full manner accounts are prepared regular basics or
monthly basics or yearly basics by pereparing main aim
of preparing accounts is to know the financial position
of firm for a particular period of time
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / sudhakar
Accounting is an art of Recording,Classifying,Summarising
and Interpriting the available Financial data.
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / ravi
accounting is an information system it is aprocess of
identifing,measuring,recording,classifing,summarizing,
analysing,interpeting,communicating
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / isha thorat
Accounting is the process of recording,
classifying,sumerising,interpreting and analysing the day
to day business transactions.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / n anil kumar
"It is art of recording and clarifing and summarising the
all business transaction and interpreting the result
thereof"
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / harendra singh rawat
Accounting is an art.
because,
Art = knowledge + systematic work pattern + clean & clearness.
and science because,
Science = knowledge for doing work in a system.
so we should have knowledge of accounting (its key words also)
and also should have a system (platform)
(Accounting system)
(we can say also Accounting language)
for applying our knowledge in this system.
thanks for giving me platform for using.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / mgohar
Accounting is the art of recording, classifying and
summarizing in a significant manner and terms of money,
transactions and events which are, in part at least, of a
financial character, interpreting the result thereof".
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / vijaya kumar
Recording monetary and non-monetary business transactions
in to books of account is called accounting.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / mohammed hassan
accounting can simply be describe as an information system
where data where captured during transaction for record of
accountability.
| Is This Answer Correct ? | 2 Yes | 1 No |
State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100
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