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basic knowledge of accounting ?

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basic knowledge of accounting ?..

Answer / dinesh aicwa

Accounting is an
Art of recording
Art of Classifying
Art of Summarising
the Monetary Transaction & finally interpreting the results

Is This Answer Correct ?    112 Yes 10 No

basic knowledge of accounting ?..

Answer / harshad

Account is an type of Maths. In School we calculate Number
but here we kept record of company deiatls like purchase,
sales, journaletc.

Is This Answer Correct ?    70 Yes 8 No

basic knowledge of accounting ?..

Answer / bhavani bv

Hi,

Accounts is nothing it is finally + and - what ever you
receive whatever you spend and applicable taxation.

Alway you have to rember accounting rule while you r
accounting

Personal account Debit reciever credit Giver
Real account Debit what comes in credit what goes out
Nominal account Debit Expenses and income credit income and
gain.

Is This Answer Correct ?    58 Yes 8 No

basic knowledge of accounting ?..

Answer / murali.p

Accounting is art of Classifying, summarizing, recording of montary transaction according to the GAAP.

Is This Answer Correct ?    22 Yes 0 No

basic knowledge of accounting ?..

Answer / latha devi vazir

Accounting is an method of identifying,arranging and passing required financial information to decision making in business.

Is This Answer Correct ?    16 Yes 3 No

basic knowledge of accounting ?..

Answer / mahaveer palor

HI
ACCOUNTING IS ART OF CLASSIFYING SUMMARIZING RECORDING OF MONTARY TRANSACTION ACCORDING TO THE GAAP

Is This Answer Correct ?    8 Yes 2 No

basic knowledge of accounting ?..

Answer / akbar

Accouning is an art of recording,clasifing,summerizing and analysing the monetary transactions from the accounting principles

Is This Answer Correct ?    4 Yes 0 No

basic knowledge of accounting ?..

Answer / santosh dhakal

Hi,
Accounting in simple term is the art(in hindi means kala)of identifying(identify whether the said thing is a transaction or an event,whether monetay or not),Recording(Journal),Classifying(same nature of item at a place in ledger),summaarizing(through B/s,P&l A/c),interpreating,and finally analysing the impact,so that the user of it may get the required information easily which may be a milestone for taking the decision for them.

Is This Answer Correct ?    4 Yes 1 No

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