MEANING OF ACCOUNTING

The art of recording , classifying and summarizing , in a significant manner and in terms of money , transaction and events which are, in part at least, of financial character, and interpreting the result thereof."

The three important aspects of accounts have been highlighted by the above definition.


1. Account as an Art & science.


2. Accounting is done for Business transaction.


3. Accounting is a system.

Share

Bookmark this post:blogger tutorials Social Bookmarking Blogger Widget

I'm reading: MEANING OF ACCOUNTING ~