what is accounting

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what is accounting..

Answer / srikanth

Accounting the Systematic process of Recording, Classifying
and Summarising the Business Transactions.

Is This Answer Correct ?    14 Yes 0 No

what is accounting..

Answer / ashwini

accounting is the systematic process of recording,
classifying, and summarising the business transactions

Is This Answer Correct ?    6 Yes 0 No

what is accounting..

Answer / shanid

Accounting is about providing information to others.
So the basic purpose of accounting is derivation of
information.
The double entry system of accounting enables an
organization to derive the information which are only
related to accounting elements called account heads or
ledger account.

For example :
To know the value of furniture with the organization a
furniture a/c is maintained
To know the amount of expenditure incurred on account of
salaries a salaries a/c is maintained

The more the information is needed needed by the
organization the more the elements (accounting heads) that
are to be maintained by the organization.

Is This Answer Correct ?    1 Yes 0 No

what is accounting..

Answer / abdul hannan

accounting is a very broad concept but actually accounting
means recording of day to day transaction of the business
to keep the track records of the movement of the goods,
cash inflow and outflow as well. .
accounting refers to management of accounts on the daily
basis to knoe the opening n closing balances. . .

Is This Answer Correct ?    1 Yes 0 No

what is accounting..

Answer / guest

Accounting is a art of recording,classifying,summarising in
a significance manners and in tern of many transaction and
event which are at laeat financial character of interpreting
the result thereof.

Is This Answer Correct ?    1 Yes 0 No

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