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what is accounting
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Answer / narasimha rao
ACCOUNTING IS THE ART OF COLLECTION RECORDING CLASIFYING
AND SUMMARISING THE FINANCIAL DATA IN SIGNIFICANT MANNER
AND IN TERMS OF MONEY
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / phani
ACCOUNTING IS an ART OF RECORDING, CLASsIFiYING
AND SUMMARISING in a SIGNIFICANT MANNER and transactions
and events which are in a part at least, financial character
interpriting the results there of.
As per icai.org
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / 25.02.09
ACCOUNT IS SUMMERISED RECORD OF BUSNESS TRANSECTION
RELATING TO PERSON,PROPERTY,GAIN,INCOME,LOSSES ETC.
| Is This Answer Correct ? | 3 Yes | 0 No |
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Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April
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Answered but misspelled pl correct SUPPLIERS ACCOUNTING BALANCE WILL BE ALWAYS (ANS.TIDERC)
Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same
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