Why is accounting done?

Answer Posted / bindiya kushwaha

Accounting is done to make financial decisions and to provide information about the company to the outsiders.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

informance about performance is disclosed by

1802


What is batch input? why we use batch input session in SAP(FICO)?

4870


What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?

1851


Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

2857


What is the meaning of scrap value in accounting?

717






Explain me do you think accounting standards are mandatory and why?

629


in trading credit why does goods sent on consignment come?

1493


hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me

1832


What is the definition of offset accounting?

645


List out some of the examples for liability accounts?

598


salary payable deduct tds entry

1106


How can you explain the basic accounting equation?

665


My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance

1421


what is the rate of vat,cst,in mumbai

1219


what is the basic difference between pooling of interest method and purchase method in amalgamation

3197