What is Accounting?

Answers were Sorted based on User's Feedback



What is Accounting?..

Answer / pawan kumar jangir

Accounting is the art of Recording, Classifying &
Summarizing all monetary term information about business.

Is This Answer Correct ?    3 Yes 1 No

What is Accounting?..

Answer / vivek

Accounting is a method or system used to keep track of and
determine the financial status of a person or company's
income/assets and outlay of money/possessions.

Is This Answer Correct ?    2 Yes 0 No

What is Accounting?..

Answer / ramana

accounting is a language of business.

Is This Answer Correct ?    11 Yes 10 No

What is Accounting?..

Answer / vandana

To provide a record such as funds paid or received for a
person or business. Accounting summarizes and submits this
information in reports and statements. The reports are
intended both for the firm itself and for outside parties.

Is This Answer Correct ?    2 Yes 1 No

What is Accounting?..

Answer / anil bhingare

Is an art of recording business dealing in set of books. It
is the summerized record of transaction relating to one
person one head of expenses or losses / or one head of
incomes or gains.

Is This Answer Correct ?    2 Yes 1 No

What is Accounting?..

Answer / mubarak

Accounting is the art of recording,classifying,
summarising,in significant manner and in terms of money ,
transaction and events which are in part of atleast and
interpreting the results there of .

Is This Answer Correct ?    1 Yes 0 No

What is Accounting?..

Answer / anil bhingare

It is summerized record of transaction relating to one
person one head of Expenses or Losses and one head of
Incomes or gains.

Is This Answer Correct ?    1 Yes 0 No

What is Accounting?..

Answer / sidhartha

Accounting is the language of business and involves
recording, classifying and summarizing the financial
transactions of a business in a prescribed manner for the
benefit of its users

Is This Answer Correct ?    2 Yes 2 No

What is Accounting?..

Answer / ajay mishra

Accounting is an art, and an accountant is a person who
gives accounts for busuness its many characters likes
recording data of business, summarzing and classifing by a
businessman and by the C.A.

Is This Answer Correct ?    1 Yes 1 No

What is Accounting?..

Answer / srinivas annavarapu

Accounting is an art starting from recording day to day
transactions to preparing financial statements of a
business / firm to disclose the financial position of the
business to the benefit of interested parties (like
shareholders & statutory authorities).

Is This Answer Correct ?    1 Yes 1 No

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