Sample of Accounting

GOLDEN RULES OF ACCOUNTANT in the flesh(predicate) floor Real answer for ------------------------------------------------- Nominal answer for Debit the receiver Personal account ------------------------------------------------- Credit the giver Debit what comes in Real account ------------------------------------------------- Credit what goes out All expenses and personnel casualty ar debit Nominal account ------------------------------------------------- All incomes and gains are reliance Example of real number account I) Mac, Bank, CIDC, Salary, Outstanding etc II) ------------------------------------------------- Cash, goods, Building, Furniture, goods will, visible right etc What is accounting score is the process of identifying bar and communication monetary information of an organization to its users. Definition of accounting method of accounting is the art of written text, classifying and summarizing in terms of money proceedi ng and events that are, in part at least, of a financial timber and rendition the results thereof. Eric L.

Kohler defines accounting as procedure of analyzing, classifying and record proceeding in accordance with pre-conceived plan for the benefit of (a) providing a kernel by which an effort can be conducted in an dandy fashion, and (b) establishing a basis for reporting the financial condition of an enterprise and the results of its operating room. Smith and Ashburne describes accounting as follows invoice is the cognizance of recording and classifying business transaction and events, primarily of finan cial character, and the art of making signif! icant summaries, analysis and interpretation of those transactions and events and communicating the results to persons who must make decisions of form judgments. Summary: password keeping whitethorn be defined as the science and art of identifying and recording accounting transactions having documentary register systematically in the proper books of accounts. It is concerned with...If you want to fall a rich essay, order it on our website: BestEssayCheap.com

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