What is means by A/c in Accountancy ?

Answer Posted / prathiba.p.v@gmail.com

An account is a summarized record of all transactions
relating to a particular person, a thing of an item of
income or expense. It is vertically divided into two halves
and resembles the shape of the English Alphabet T.

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Assets are held in the Business for the purpose of____________________

1772


how to entery pass in tally when items damage(items insured)and claim to insurance co.

2024


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

1675


business sepsarate entity concepts

1415


Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com

1546






What is compensation theorem?

2503


What is Trade Recovery Estimate and how can we calculate it?

1512


Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?

1669


A----------involves transfer of money or moneys worth from one person to another

1432


Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.

1489


whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector

1189


what is contigent liabilities? whats it status in balance sheet?

1767


Name the Accounting Concepts

1727


what do u mean by arrear basic or arrear hra?

3284


how there prepare bank interview

1608