Interested to Buy Any Domain ? << Click Here >> for more details...
what is the nature of accounting function ?
- 1 Answers
- 12716 Views
- Karnatak University, I also Faced
- E-Mail Answers
Answer / parveen
1. It is a service function
2. An advisory function
3. Analysis Assets and Liabilities of business
4. Analysis Expenses and Incomes of business by its
nature and function
5. Act as a controlling tool for business
6. Helps in comparing with set standards
7. Presentation of financial activities of business in
the form of reports
8. Helps in management decision making
9. Analysis and computation of cost of
production/rendering service
10. Taking corrective measures in minimizing losses and
maximizing profits and dividend
| Is This Answer Correct ? | 10 Yes | 8 No |
Define Salry for the following purpose 1.To calculate HRA
Can anybody tell what is the link b/w reporate and inflation? How these parameters vary???
What is provision for depreciation? What is it entry in P&L & Balance sheet? How it is different from Depreciation expense?
What is portfolio?
what is entry for depreciation?
44 Answers Genpact, IBM, Maersk, OPI Global, Wipro,
Expand------BIFR
What is the Journal Entry for Prepaid Expenses and OutStanding Salary?
Expand ------PUC
what is portfolio Saint?
what is the mean of trail blance sheet
Expand---------RTPS
what is the system of accounting and banking in cooperative bank?
Audit 
