WHAT IS THE MEANING OF ACCOUNTING
- 3 Answers
- 6270 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / abhinav ratna
Accounting is art of recording classifing and summarising
of the financial records and interpreting the results
thereof. it provides the quantative information primarily
financial in nature about the economic entities activity.
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / abdul hassan
accounting is systematics and presentation and financiaql
activities of the business entrepreneur
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / arun chauhan
Accounting is the process of recording the transaction in a systematic and scientific manner only for those transactions which can me measured in terms of money
Systematic manner means within proper format as described by the accounting standard.
Scientific manner means if you are going to purchase a thing and it takes 1 hr for final transaction then you should record the transaction with final amt not the whole bargaining.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is contingent liabillity ?
1.What is the entry sales and Purchases including discount and TCS 2.if sales but suddenly road accident and only party received 80% and balance staled the insurance company what is entry in accounting booked
Why do you prepare a Trial Balance?
What is suspense account?
What is the closing entry?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
define accounting?
Goods destroyed by fire rs.2000 and insurance company claim rs 1250. This is shown on adjustment,how is it posting on profit and loss account and balance sheet
formula for Net profit and net loss?
CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION
Is it mandatory for the employees staff of a School, if so give details
tally interest entry journal entry income expance entry
Audit 
