what is fundamentals of accounting ?

Answer Posted / amulya kumar nayak

According to AICPA,Accounting is an art of
recording ,classifying ,sumrising in a sagnifican manner in
terms of money &transaction and events which are in the
part of artlist in the financial charecter interpating the
result thereoff.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How you implemented a chargeback system?

1799


What is T+2 rolli g settlement cycle?

2005


What goals do you have in your career

1947


an amount deducted from the catalog price for an item of merchandise is called?

14307


What is the definition of LOSS. Give the formula if any.

1709






Let me know the difference between cash flow and free cash flow

1589


i have need full detail of tds rules and forms submitted dovetails

1577


Distinguish capital and Revenue receipts

1760


What problems might be encountered if there were no accounting standards?

2464


I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?

1462


Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

1558


discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1480


What are direct income and indirect income

1571


What is Merger?

1914


sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method

1918