what is accounts?

Answer Posted / gautam verma

Account is source of data collection by which all transaction
is maintained systemically so that if any dispute is created
by any person,firm,society,company etc. that can be solved
easily in future on the basis of Account. we can say so
Account is part & parcel of present commercial era.there is
no such any enterprises that would be unattached with it's
benefit.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to prepare HSD statements in tally

1785


purchase return liability or asset?should it be included in the balanced sheet?

1063


What is general entries for Deffered Tax?

2303


Define executive accounting?

760


Tell me what is accrual accounting?

3409






I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

964


Which kind of transactions are not recorded in the books of account?

1431


Why Is The Distinction Between Product Costs And Period Costs Important?

659


Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?

631


i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???

1525


Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

1768


How to pass the entry in tally for demolished of building?

2208


What is the difference between provision and reverse?

612


If a prospective client kept presenting you with excuses not to buy, what would you do?

749


journal entry for prepaid insurance and salary outstanding

1145