WHAT IS ACCOUNTING?
- 5 Answers
- 6259 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vivek
according to Bierman and Derbin,"accounting may be defined
as the identifying,measuring,recording,communicating of
financial information".
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / gaurav agarwal
accounting is defined as the art of recording business
tranactions which is in monetary terms.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / karan
ACCOUNTING IS THE ART OF RECORDING ,CLASSIFYING AND
SUMMARIZING AN SIGNIFICANT MANNAR , IN TARMS OF MONEY
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / balaji ganesh
Accounts is nothing but language of business,A Business can speak to goverment,share holders(the latter,If in the case of public limited company)through accounts only.its an art of recording giving and reciving aspect of any business or individual.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mak
Accounting is a system of recording transaction which is
related to business.
| Is This Answer Correct ? | 0 Yes | 1 No |
N N SALES: DEPT A 150000 DEPT B 2500 100000 newspaper 1000 rates 500 elect 250 salary 10000 stock 1/4/92 :dept A 2300 DEPT B - stock :1/4/93 dept A 1200 dept B 700 newspaper 300 prepare trading profit and loss account. thanx
What is Analysing
I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
give the general entry for Depriciation of machinary
reason for difference in Balance sheet (Asset side & Liabilites side)
what is delapidation?
What Is repo transaction
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
What is Royalty Accounting? How it calculate? Give some example.
13 Answers Infosys, KAS Exam, MIT, Royalty, Satyam, Transteel,
what is general HR?
Audit 
