What is General Accounting

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What is General Accounting..

Answer / tabrez quadri

General accounting is a proccess in which recording,summarising,classification in a systematic manner

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What is General Accounting..

Answer / dhirendra kumar singh

The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions. The financial statements that summarize a large company's operations, financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period. Accounting is one of the key functions for almost any business; it may be handled by a bookkeeper and accountant at small firms or by sizable finance departments with dozens of employees at larger companies.

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What is General Accounting..

Answer / shefi

property analysed and gathering the data..timely records all the transaction...and aftr that at the end of the year..mentain a financial report..with this financial report we ascertain that our company is financially sound or not....

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What is General Accounting..

Answer / meghanath

The common set of accounting principles, standards and procedures that companies use to compile their financial statements.

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What is General Accounting..

Answer / nagarjuna

Genaral Accounting involves the basic principles concepts and accounting practice recording financial statement praparation and the use of accounting information management

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What is General Accounting..

Answer / ullash chandra swain

General accounting means to record all the financial transactions of the company in a systematic manner to know the financial position of the company which leads to make the correct decision by the management to continuity of the business.

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What is General Accounting..

Answer / san surya

general accounting means inside and outside of all the business transations recorded in systamatic and informatic of accounting transactions

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What is General Accounting..

Answer / pushpendra mishra

Record all day to day financial transaction in a systematic manner is known as general accounting.

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What is General Accounting..

Answer / oy vanda

General accounting is recording and analyzing the day to day
accounting transactions.

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What is General Accounting..

Answer / rikoh

General accounting deals with recording transactions and preparing various financial reports for various stakeholders...

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