Answer / guest

accounting is an art of recoding,classifying and
summarizing in a significantmanner and in terms of
money,transactions and events and interpretting the results
thereof.

Answer / kiran

Accounting is the analysis and interpretation of
book-keeping records. It includes not only the maintenance
of accounting records but also the preparation of financial
and economic information which involves the measurement of
transactions and other events relating to the entity.

In simple words we can say that-

accounting is an art.......
of recording, classifying and summarizing.........
in terms of money......
transactions and events of financial nature and
interpreting the results thereof.

Answer / kavita kale

Accounting is summarised record of all the transaction relating to particular person, property, expenses and income........

What Is Bank Reconciliation ?

2 Answers  

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Do you know what is double-entry accounting? Explain with an example?

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Do you know the term account payable?

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MEANING OF RED HERRITING

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any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases

2 Answers  

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Why do we transfer all indirect exp. in P&L A/c by journal Entries in Tally.

2 Answers  

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What is the difference between Balance Sheet and Fund Flow?

2 Answers  

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What is the accounting treatment for goods taken from business for office use

2 Answers  

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What is the difference between costing and cost accounting?

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in year end Balance sheet current liabilities is showing negative balance of re.-1/- how to write off the negative figure? pls help..

1 Answers  

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shares convert into share capital what is the journal entry? how many ledgers need to create?

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A company closing its acconts in december..its paying 10000/-as rent......in the month of august it paid 4 months rent as advance...how will u account this

6 Answers   IBM,

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