basic knowledge of accounting ?
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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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks
I AM RECEIVING THE GOODS FROM FACTORY BY STOCK TRANSFER I AM ISSUUING THE FORM- F FOR THE VALUE. IN CASE I AM RETURNING THE GOODS AS REJECTION WEATHER I HAVE TO RECEIVE THE FORM F FROM OUR FACTORY CONFIRM ME
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i am new to this tax system if you don't mine "please help me"
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I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
Audit 
