what is the concept of finance accounting?
Answer Posted / monika
Financial Accounting is an art of recording, classifying and summarizing the transactions of a business which are financial in nature, and interpreting the results thereof.
recording -- of journal entries
classifying -- preparing of ledgers
summarizing -- preparation of trading & profit and loss account
Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
What is Repo Rate? What is CRR Rate in India?
DOW stock exchange belongs to which country?
What are various qualities one should possess to become a Bank Officer? Do you think you possess those?
Do you think insurance companies suffer from risks?
HI CAN ANY ONE HELP ME OUT IN (FICC INTERVIEW QUESTION) FOR COGNIZANT HYDERABAD.
Does The Stress Test Account For The Impact Of The Outcome Of The Referendum In The United Kingdom On Eu Membership?
What do you understand from 'internet banking'?
What are the other services provided by the bank?
Do you think Activity Diagram is important and how?
Tell about NITI Aayog and its functions?
Who are the bharat ratna awardees, 2014?
What are the different ways to value a company, a share, and a bond?
What percent of revenue is contributed for CSR by the MNCs
What are the differences between cost accounting and financial accounting?
what are the suitability of the position