what is the meaning of accounting?

Asked by Last Modified  

31 Answers

Follow 1
Answer

Please enter your answer

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...
read more
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
Comments
Dislike Bookmark

SAP FICO Consultant

Recording , classifying , summaryzing all financial transactions
Comments
Dislike Bookmark

ACCOUNTING SOLUTIONS FROM A TO Z FROM 12 YEARS OF EXPERIENCES IN TEACHING PRIVATELY

As the process of identifying,measuring,recording and communicating the required information relating to the economic events of an organisation.
Comments
Dislike Bookmark

Accounting is a language for recording money transactions.
Comments
Dislike Bookmark

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.
Comments
Dislike Bookmark

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
Comments
Dislike Bookmark

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...
read more
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
Comments
Dislike Bookmark

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.
Comments
Dislike Bookmark

accounting can be described to be a method of keeping systematic records for economic transactions
Comments
Dislike Bookmark

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.
Comments
Dislike Bookmark

View 29 more Answers

Related Questions

Best certificate/short term courses to do after completing b.com? 
SAP-FICO or web design diploma
Abdul
0 0
7
What is the difference between Cash & Cash Equivalent?
1. Cash means Paper money , coins , Money order etc But, Cash Equivalent means Highly Liquidable Securities 2. Cash has not any Time period . It is Demand Receipt But , Cash Equivalent Take some time...
Madhav

I'm doing b.com and I'm in 1st year. Can anyone suggest me the best books used for accounting
pankaj publication is bst
Md
What are accounting principles?
Accounting principles ar the set of rules,laws,guidelines through which transactions are governed for eg business entity principle(seperate from owners),full disclosure principle.The most important here...
Am
0 0
5

Which course is best in IT
I Perfer to go for Cloud Automation Tools. i.e Ansible, Terrafrom and etc. This is best booming technologies in IT market for next 5 years.
Noman

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Controlling- Common Management Techniques & Methods
The learning objectives When you study and understand this chapter, you we will be able to: Understand the meaning (definition) of control Understand the controlling subsystem Know the main steps...

Dev Group

1 0
0
Financial Accounting
Accounting is the art of recording, classifying, summarising in a significant manner regarding money, transaction & events which are at least in part financial interpreting the result thereof. (AICPA...

Rajeshwari M.

3 0
0
GST Updates
For dealers having turnover above Rs 5 crores, it is said that 4 digits of HSN code are to be mandatorily mentioned in the invoice. Since the code is of 8 digits, could you please tell me which 4 digits...

Fr Prashanth Reddy

6 0
0
study plan
1. Find your area of interest. 2. Search the jobs in your area/subject in which you are interested. 3. What are required qualification and how much time you achieve it. 4. Find the institute where you...
M

Mohit S.

1 0
0
Standard Costing
Define the term Standard Costing and outline the steps involved therein. According to ICMA, London, Standard Costing refers to "the preparation and use of standard costs, their comparison with actual...

Fr Prashanth Reddy

Recommended Articles

Science, Arts Or Commerce - Which One To Go For?

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

The Trend of E-learning and it’s Benefits

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

6 Exam Hall Tips To Follow, For Every Good Student

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Top Benefits of e-Learning

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Find BCom Tuition near you
BCom Tuition in Delhi
BCom Tuition in Bangalore
BCom Tuition in Mumbai
BCom Tuition in Hyderabad
BCom Tuition in Chennai
BCom Tuition in Kolkata
BCom Tuition in Pune
BCom Tuition in Gurgaon
BCom Tuition in Noida
BCom Tuition in Ghaziabad

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you