Interested to Buy Any Domain ? << Click Here >> for more details...
what difference b/w commerce and accounting?
- 2 Answers
- 18747 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answer Posted / shalini parisha
Commerce: Commerce is a division of trade or production
which deals with the exchange of goods and services from
producer to final consumer. It comprises the trading of
something of economic value such as goods, services,
information or money between two or more entities.
Definition: Accounting has also been defined by the AICPA
as"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 financial character,
and interpreting the results thereof.
Meaning:" Accountancy or accounting is the art of
communicating financial information about a business entity
to users such as shareholders and managers. It involves the
process of recording, verifying, and reporting of the value
of assets, liabilities, income, and expenses in the books
of account (ledger) to which debit and credit entries
(recognizing transactions) are chronologically posted to
record changes in value
| Is This Answer Correct ? | 25 Yes | 3 No |
Post New Answer View All Answers
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
differnce between the 4.7 & 6.0 versions?
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
what is CDD’s configuration
example of SOP
sort out the difference between service provider & service reciepient from the service tax.
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
1. Fdr mature with interest
What is Trade Recovery Estimate and how can we calculate it?
Distinguish between sale and consignment
what is exercise duty how to calculate that and how to update in tally
How good are you at Finance?
What are the benefits ofparticipation in a depository?
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
why you choose accounting as your career ? ?
