What is Accounting?

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What is Accounting?

Question Posted / nandu

28 Answers
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What is Accounting?..

Answer / viswanatham

accounting as an art of identifying, measuring,
summerising, classifying and communicating the information
to the managers and various groups,

Is This Answer Correct ?

29 Yes

3 No

What is Accounting?..

Answer / viswanatham

accounting as an art of identifying, measuring,
summerising, classifying and communicating the economic
events or business operations in a sigficant manner.

Is This Answer Correct ?

24 Yes

1 No

What is Accounting?..

Answer / sandhya poojary

Accounting is the art of recording, classifying,
summarirising in terms of money transactions and events of
financial character and interpreting the results.

Is This Answer Correct ?

25 Yes

2 No

What is Accounting?..

Answer / kethura

Accounting is an art of recording , classifing, summerising
in a significant manner in terms of money of transcations
and events which are in part at least of a financial
chracter and interpreting the result there of(given in the
year 1961)

Is This Answer Correct ?

18 Yes

3 No

What is Accounting?..

Answer / jyoti

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 ?

14 Yes

2 No

What is Accounting?..

Answer / raghunath padhy

accounting is the recording of financial transactions for
the benefit of its users.

Is This Answer Correct ?

13 Yes

2 No

What is Accounting?..

Answer / raju

classifiying &summerisingand interpeting the all acconting
trancation a significant manner.

Is This Answer Correct ?

17 Yes

8 No

What is Accounting?..

Answer / kiran

Accounting is an art of recording, classifying and
summarizing in a significant manner and in terms of money
transactions and events which are in part atleast of a
financial character and interpreting the results there off.

Is This Answer Correct ?

10 Yes

1 No

What is Accounting?..

Answer / ridwan

The definition took from accounting terminology bulletin no.1:
Accounting is the art of recording, classifying and
summarizing in a significant manner and in terms of money,
transactions and events, which are in part at least of a
financial character and interpreting the result there of.

Second definition took from A statement of basic accounting
theory (ASOBAT)
Accounting is the process of identifying, measuring and
communicating economic information to permit informed
judgment and decision by users of the information.

Third definition took from A Principles board statement no
4. The title is " Basic concepts and accounting theories
underlying financial statement of business enterprises.

Accounting is a service activity, it's functioned to provide
quantitative information, primarily financial in nature of
economic entities, that is intended to be useful in making
economic decisions, in making reasoned choices among
alternative courses of action.

Is This Answer Correct ?

6 Yes

1 No

What is Accounting?..

Answer / jebin

accounting is an art of recording classifying , summerising
in a significant manner and in terms of money transaction
which are part of atleast financial charactor and
interpreting them.

Is This Answer Correct ?

3 Yes

1 No