What do you mean by Accountancy and Accounts?
Answers were Sorted based on User's Feedback
Answer / lxmi1972
Accountancy means a study of subject in which all the
accounting transactions will be consolidated and Financial
status of the company is known.
Accounts means recording of all transactions by book
keeping and finally to show a true and fair view of the
company status for a desired period. (Say Year closing)
Is This Answer Correct ? | 23 Yes | 2 No |
accountancy is a subject which involves concepts and
conventions rules and regulations and specified formulaes
which makes accounts simple
accounts means recording of all the transactions and
maintaining all the books which were related to accounts
Is This Answer Correct ? | 6 Yes | 4 No |
Answer / suresh dhami
Accountancy is a father of a account & account is a son of
the accountancy. Accountancy is related to the senior level
post i.e finalization of the books of accounts.
and accounts is simple to maintain books records.
Is This Answer Correct ? | 1 Yes | 6 No |
Why do you prepare a Trial Balance?
which voucher is created when cash is withdrawn from bank for office use?
what is contribution? how does it help in taking managerial decisions?
What is a Hold and Release
What information do you require before you approve an invoice for payment?
What is the difference between a provisions and reserves?
vat comes in what type of head in golden rules procedure
salary and rent provision entry in tally erp 9
who is debtor? who is creditor?
Tell me how can you explain the basic accounting equation?
4_ _ _ 4 _ _ _ 4_ _ _ 4 =20 use +,-,/,* to solve ot
why are accounting firms needed?