What is the definition of accounting?
Q: Discuss the history of Accounting?
A: Italy, birthplace of many of the world's most important historical figures like Michelangelo,…
Q: History of accounting?
A: What's the essence of the Accounting Profession ? :- it hasn't changed much over the time.…
Q: What are the benefits of generally accepted accounting principles (GAAPs)?
A: GAAP stands for Generally Accepted Accounting Principles.
Q: What are the basic foundation of Accounting?
A: Accounting: Accounting is the practice of documenting financial transactions that occur in the…
Q: Why accounting information is important?
A: The accounting is a process to identify the business transactions, record the transactions, and…
Q: how does accounting work?
A: Accounting is the method of recording all the financial transactions of the business. This process…
Q: What are the principles of accounting according to GAAP?
A: GAAP: Generally Accepted Accounting Principle (GAAP) is a common set of accounting principles,…
Q: What is the best accounting method?
A: Accounting Method: The accounting method is the method used for maintaining the books of accounts of…
Q: what is accounting?explain it.
A: A business needs quantitative record of its over financial performance and financial position in…
Q: What are the golden rules of accounting?
A: Accounting is the process of recording, classifying and summarising financial transactions in order…
Q: Which of the following branches of accounting is the original form of accounting?
A: The branches of accounting are: 1. Financial Accounting 2. Cost Accounting 3. Management Accounting…
Q: What are the basic bodies of accounting and what do they do?
A: Basic Bodies of Accounting Accounting bodies are the national or international bodies which has the…
Q: What types of Accounting are there
A: There are following types of accounting: 1. Financial accounting 2. management accounting 3. tax…
Q: What is the significance of accounting to people?
A: SOLUTION- ACCOUNTING TO PEOPLE MEANS ACCOUNTING TO USERS . THERE ARE SOME USERS OF ACCOUNTING ARE…
Q: What is the matching principle of accounting?
A: Financial accounting standards board (FASB): This is the organization which creates, develops, and…
Q: What is the function and primary focus of financial accounting?
A: Accounting: It is a systematic process of recording the financial transactions of an organization…
Q: What is financial accounting environment?
A: Environmental financial accounting refers to use of information required by stakeholders which are…
Q: What are the different types of accounting?
A: The accounting is a process to record the business transactions and prepare the financial…
Q: What is the purpose of reporting accounting theory?
A: This question explains about the purpose of reporting accounting theory
Q: What do you mean by materiality concept in accounting?
A: Materiality concept:Materiality concept refers to a condition wherein, the financial information of…
Q: How does financial accounting perform its fundamental function?
A: This question clarifies how financial accounting carries out its primary duty.
Q: What are the two primary functions of financial accounting?
A: Financial accounting is that field of accounting in which all financial transactions are recorded in…
Q: What is the accounting cycle?
A: Accounting cycle means the process of collecting, processing and reporting of the financial…
Q: What was the most fundamental aspect of accounting?
A: The activity of maintaining track of a supplementary ledger is known as accounting. Accounting…
Q: What are the Universal Standards in Accounting?
A: Universal standard of accounting is also known as International standard of accounting. The…
Q: accounting definition?
A: Accounting means a process of recording , classifying , summarizing , interpreting and communication…
Q: What are the principle of accounting
A: Principles of accounting are the rules and regulations that must be pursued by an organization when…
Q: What are the different assumptions of Accounting principles?
A: Accounting assumptions provide a fundamental base and structure to record business transactions.The…
Q: What is the most fundamental accounting model?
A: Solution:- Introduction:- Accounting model play vital role in accounting. Accounting model gives…
Q: To what end does financial accounting serve?
A: The end of financial accounting is to provide business with the financial performance and financial…
Q: What Is The Primary Objective Of Financial Accounting?
A: Financial accounting: Financial accounting is the process of measuring the business activities of an…
Q: What mean accounting information?
A: The basic concept of Accounting is to Record the transaction which was pertaining in the…
Q: DEFINE AND EXPLAIN ACCOUNTING THEORY
A: Accounting refers to the process of keeping records of financial events and transactions happening…
Q: Describe simply what accounting is.
A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…
Q: What is the primary function of financial accounting?
A: Financial accounting: Primary of function of Financial accounting involves the process of preparing…
Q: Is accounting theory really necessary for the making of accounting rules?
A: Solution:- Is accounting theory really necessary for the making of accounting rules:- Accounting…
Q: Can you explain the basic accounting equation?
A: The basic accounting equation represents the relationship between assets,liabilities and…
Q: what is accounting?
A: Bookkeeping refers to the process of identifying, measuring and recording of financial transactions.…
Q: What is your insight/reflection about accounting?
A: Every business operates for the purpose of generating profits. For calculating and measuring results…
Q: What is meant by accounting
A: Accounting refers to an art of recording transaction in the books of a company and using these…
Q: What is the meaning of accounting?
A: Bookkeeping refers to the way of recording day-to-day business transactions and information.…
Q: How do I define each branches of accounting? and what are they for?
A: Branches of Accounting have emerged because of economic, industrial and technological developments.…
Q: In general, what is the conceptual framework that underlies accounting principles?
A: Accounting principles are the specific rules and guidelines that are to be followed in preparation…
Q: what makes up accounting theory
A: An accounting theory is a notion that uses speculations, methodologies and frameworks in the study…
Q: So, what exactly is the purpose of an accounting system?
A: solution accounting system Accounting system in general refers to the system which…
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