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tell me about accounting
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Answer / ashid puzhakkal, m.com.,b.ed.
According to AICPA, "accounting is the art of recording,
classifying, and summarising in a significant manner, and
in terms of money, transactions and events which in part
atleast of a financial character and interpreting the
results thereof"
In simple, accounting is the language of business
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / laxman
Accounting is an art of recording,classifying,summarising
the financial information of the company in the given
period of time.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sonali
Accounting is a process of recording day to day business
transactions in a systematic manner.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / kiran kumar
Accounting is the Blood of the Business and Accountant is a
watch dog. Only Accountant has no sleeping hours as He has
to watch every moment of the business for 24 hours.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ami
As per my view Accounting is an art of recording ,
maintaining and summarizing companies datas . Accounting is
the process to show company finacial condition through
Profit and loss A/c and Balance sheet.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / gokul
Accountig is a language of business.As a primery aim of a
language is to serve as a means of communication,accounting
is to communicate business information.The objective of
accounting is to provide information which is useful for
person inside the organisation and for person or groups
ouutside the organisation.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / naresh rana
Accounting is a language of business and it is process of R2R
Recording
Classifying
Summarising
Analysing
Interpreting
Reporting in this systematic manner
| Is This Answer Correct ? | 0 Yes | 0 No |
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