Interested to Buy Any Domain ? << Click Here >> for more details...
what difference b/w commerce and accounting?
- 2 Answers
- 18651 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shalini parisha
Commerce: Commerce is a division of trade or production
which deals with the exchange of goods and services from
producer to final consumer. It comprises the trading of
something of economic value such as goods, services,
information or money between two or more entities.
Definition: Accounting has also been defined by the AICPA
as"The art of recording, classifying, and summarizing in a
significant manner and in terms of money, transactions and
events which are, in part at least, of financial character,
and interpreting the results thereof.
Meaning:" Accountancy or accounting is the art of
communicating financial information about a business entity
to users such as shareholders and managers. It involves the
process of recording, verifying, and reporting of the value
of assets, liabilities, income, and expenses in the books
of account (ledger) to which debit and credit entries
(recognizing transactions) are chronologically posted to
record changes in value
| Is This Answer Correct ? | 25 Yes | 3 No |
Answer / murali royal
Commerce: means exchange and distribution of goods and
services. Which includes trade and aids to trade.
Exchange: means transferring the goods and services from
one person to another.
Distribution: means transporting or supplying the goods and
services from one place to another place.
Accounting: Its the language of business. Means the process of
recording,classifying,summarizing,interpreting,analyzing and
reporting of business transactions.
| Is This Answer Correct ? | 20 Yes | 3 No |
What do you means strength of a person in accounting term
how many accounting standards in india and also world wide
what is differance between creditors & expenses for creditors?
What is BRS, with an example?
EXPAND___________NHAI
How do we return the loan in equal installments with interest in tally
How to calculat closing stock?
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
how will i develop my fears in interviewd?
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
what is the benifit of deprecation in the case of provision of depre.
Please send me full details of MIS report how to prepare which item to be consider in MIS report? 2) full details of Esic, PF and Fbt and maharashtra labour welfare fund
Audit 
