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What is General Accounting
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Answer / tabrez quadri
General accounting is a proccess in which recording,summarising,classification in a systematic manner
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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.
| Is This Answer Correct ? | 4 Yes | 2 No |
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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Answer / meghanath
The common set of accounting principles, standards and procedures that companies use to compile their financial statements.
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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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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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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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Answer / pushpendra mishra
Record all day to day financial transaction in a systematic manner is known as general accounting.
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Answer / oy vanda
General accounting is recording and analyzing the day to day
accounting transactions.
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Answer / rikoh
General accounting deals with recording transactions and preparing various financial reports for various stakeholders...
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