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what is fundamentals of accounting ?
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Answer / shanker
Fundamental Accounting means, the procedure follows right
from the Cash Book entry to till Balance Sheet - whatever
the procedure follows that is called fundamentals of
accounting
| Is This Answer Correct ? | 21 Yes | 17 No |
Answer / praveenkumar.cheeli
PERSONAL A/C, 2. NOMINAL A/C, 3. REAL A/C.
IN PERSONAL A/C :(DEBIT THE RECEIVER
CREDIT THE GIVER).
NOMINAL A/C: (DEBIT ALL EXPENDITURE
CREDIT ALL INCOMES).
REAL A/C:(WHAT COMES IN
WHAT GOES OUT).
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / amulya kumar nayak
According to AICPA,Accounting is an art of
recording ,classifying ,sumrising in a sagnifican manner in
terms of money &transaction and events which are in the
part of artlist in the financial charecter interpating the
result thereoff.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / swati mishra
fundamental of accounting is kind of accounts:-
personal a/a
real a/c
nominal/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / santosh kumar mishra
Fundandamentals of accounting is record of Opening,
closing, incoming and outgoing of goods and cash.
| Is This Answer Correct ? | 14 Yes | 20 No |
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