Introduction To Accoutancy

Accountancy is the practice of recording, allocating and outlining trade transactions for a business. It provides an assessment of management concerning the financial outcomes and ranking of an establishment. A few accountancy tasks include recording, classification and reporting of a transaction. When any information is prepared as a report for individuals or companies to be used outside the organization, the process is known as ‘financial accounting’.

First year of junior college laid the foundation on which a student's career is built. Commerce stream is great for those students who are serious about pursuing a career in finance, accounts, chartered accountancy, economics, banking, business and management. Commerce course covers basically accounting, economics and related subjects relevant to trade and business.

Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consumer.

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