what is the meaning of accounting?

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Arunava Debnath

14 years being a Private Tutor as an @Educator-Trainer-Motivator-

It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information...
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It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the resources available to a firm, the means employed to finance those resources, and the results achieved through their use. read less
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SAP FICO Consultant

Recording , classifying , summaryzing all financial transactions
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B.COM GRADUATE ACCOUNTS PRIVATE TUTOR WITH 10 YEARS EXPERIENCE

As the process of identifying,measuring,recording and communicating the required information relating to the economic events of an organisation.
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Accounting is a language for recording money transactions.
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Tutor Commerce

In simple terms, it is an art of recording financial transactions of an entity or business or firm. It also refers to the process of summarizing, analyzing, reporting or presenting these transactions.
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Accountancy Tutor, Accountancy Teacher, Accountancy Coach, B.com Accountacy Tutor, B.Com Accountancy Teacher, B.Com Accountancy Coach

Accounting is a process of analysing and interpretating the book keeping records
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Financial accounts and Basics of accountancy

In business language, Accounting means Keeping records of a business transaction in monetary terms and classifying, summarizing and interpreting the recorded transactions. In a layman language, Recording all the business transaction in a standard format to know or track the status of the respective...
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In business language, Accounting means Keeping records of a business transaction in monetary terms and classifying, summarizing and interpreting the recorded transactions. In a layman language, Recording all the business transaction in a standard format to know or track the status of the respective business. It helps to calculate the profit or loss, to check the inventory balance, current cash or Bank balance and to prepare various financial statements for analysis. read less
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BCOM TUTOR

It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners equity.
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accounting can be described to be a method of keeping systematic records for economic transactions
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Accounts Costing Tax HOME TUITION.

Accounting is an art of recording transactions which can be measured in terms of money. The stages of accounting are as given below : Journalisation, Ledger Posting, Balancing of accounts, Preparation of Trial Balance and Preparation of Final accounts.
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