Answer / tulja

Accountancy or accounting is the process of maintaining,
auditing, and processing financial information for business
purposes.

Accountancy allows the creation of accurate financial
reports that are useful to managers, regulators, and other
stakeholders such as shareholders, creditors, or owners. The
day-to-day record-keeping involved in this process is known
as bookkeeping.

Answer / suresh

accounting is art of recording classifying summarizing and
significant manner in terms of monitory transactions of
business activities.

Answer / arshad

Accounting is an art of recording, summarizing and
classifying the business transactions.

Answer / kiran

Accounting is the Analysis and interpretation of book-
keeping records. It includes maintainance of accounting
records and preparation of financial and economic
information.

Answer / beena

The systematic recording, reporting, and analysis of
financial transactions of a business. The person in charge
of accounting is known as an accountant, and this individual
is typically required to follow a set of rules and
regulations, such as the Generally Accepted Accounting
Principles. Accounting allows a company to analyze the
financial performance of the business, and look at
statistics such as net profit.

Answer / lav sharma

At the end of the year businessman wants to know about end
year position so at the end of the year we can know about
what's we have gained and what’s we have lost.

With the help of accounting we can easily know that what we
have assets and what are the liabilities in the end of the
year.

The hole year transaction like…. money exchange,
purchasing, selling etc we can recorded throughout book-
keeping, accounting and accountancy.

In book-keeping we can record all transaction and when book-
keeping closed we start accounting and in accounting we
summarizing the all transaction throughout profit and lose
account and balance sheet.

Answer / guest

accounting is the art of recording

What is E-Governance?

1 Answers  

What Entry Will Be Passed for Writing Off the Discount On Issue of Shares?

1 Answers   Joint Stock Company,

What is 'funding volatility ratio'?

1 Answers  

What is inventory/stock turnover ratio? What does it indicate?

1 Answers  

Explain debt equity ratio. What are its components? What does it indicate?

1 Answers  

What do you know about RTGS and NEFT?

1 Answers  

what is the accounting treatment of service tax ?

2 Answers  

differentiate between revenue deficit and fiscal deficit?

1 Answers   RBI,

what is working capital?

10 Answers   Hindustan Unilever Limited, IndiVillage Tech Solutions,

How does LPG helped to improve the economy?

1 Answers   State Bank Of India SBI,

hai friends .i applied for icici po callfor in july2010.i have been sortlisted for icici bank po and they fix the appoinment on july 31.so i don't know whether it is an interview or test or gd.can any body attend it already .please tell about it and how to prepare.my email id is anbuselvi16@gmail.com

1 Answers  

What do you mean by private equity transaction?

1 Answers   Futures First,