Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / shanid
Accounting is about providing information to others.
So the basic purpose of accounting is derivation of
information.
The double entry system of accounting enables an
organization to derive the information which are only
related to accounting elements called account heads or
ledger account.
For example :
To know the value of furniture with the organization a
furniture a/c is maintained
To know the amount of expenditure incurred on account of
salaries a salaries a/c is maintained
The more the information is needed needed by the
organization the more the elements (accounting heads) that
are to be maintained by the organization.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is the purpose of financial statements?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
What is fractional code and how can i get a fractional code for a particular account?
Recent trends in Corporate Governence?
Explain me what is important to effective market analysis?
what is the journal entry for gas connection taken by company for preparing tea and coffee.
How to show Airticket Expense on Company's A/c as Company expense
What is "deposit in transit"?
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
Explain how you can adjust entries into account?
what is the responsiblities for accounts manager?
What is the limitaion of the Trial Balance?!
journal entry for goods withdrawn for personal use
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
what is account reconcillation
