Illustrate the term accounting, Business Management

Assignment Help:

Illustrate the term accounting?

Accounting:

It is an art of classifying and recording data. Here, the data considers to transactions consisting of monetary or financial values. As per this, accounting is merely an art and not a science. Such contention is held due to the fact which the principles and rules of accounting are not based upon general truths and natural laws as any mathematical or physical science. Accounting has its own laws that apply equally well within similar circumstances for same business transactions.


Related Discussions:- Illustrate the term accounting

Production and operations mangement, 5. The average annual investment cost ...

5. The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000. It has been calculated to be $150,000 in Kentucky. The hourly cost at a wor

Toyota, What changes in the organizing facet of the P-O-L-C framework might...

What changes in the organizing facet of the P-O-L-C framework might you make at Toyota to prevent future mishaps like the massive recalls related to brake and accelerator failures?

Define what is meant by is evaluation, Brynjolfsson and Hitt (1998) suggest...

Brynjolfsson and Hitt (1998) suggest that the "greatest benefits of computers appear to be realised when computer investment is coupled with other complimentary investments". Br

Benefits of tqm, 1. Advantages Unique to TQM a. It makes company a lea...

1. Advantages Unique to TQM a. It makes company a leader not follower. b. TQM creates goal directed connection between customers management and workers. Every on

Inspection planning, Inspection planning can start after the product spec...

Inspection planning can start after the product specification is finalized. First job in the inspection planning is to identify the characteristics which are to be checked

Business model and designing a web strategy, Creating a New Internet Busine...

Creating a New Internet Business Here is a list of new businesses that could benefit from using the Web, listed. Select one of the businesses from this list and develop an Inte

Internal integration - organizational culture, Internal Integration - organ...

Internal Integration - organizational culture Culture helps members develop a collective identity and know how to work together effectively. It is culture that guides day-to-d

What are the types of participation worker, What are the types of participa...

What are the types of participation worker? Types of Worker’s Participation are as follows: Worker’s participation into management may take several forms, for example:

What do you mean by materials management, Question 1 What is direct sellin...

Question 1 What is direct selling? Explain the popular methods of direct selling Question 2 What do you mean by materials management? State the objectives of materials man

Caselet communication failure, What should Mr. Sharma have done to avoid th...

What should Mr. Sharma have done to avoid the misunderstanding?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd