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

Business research report, You have been hired by Austrade to write a report...

You have been hired by Austrade to write a report advising on the attractiveness of Australia for manufacturing and service operations competitiveness. Your task will be to conduct

Safety programme, Safety programme In very case of work  connected  inj...

Safety programme In very case of work  connected  injury there  must be some  degree of hazarded and unsafe or otherwise  faulty behaviour. Therefore  in every  plant small or

Explain the functions of merchandise manager, Question 1 Explain any five ...

Question 1 Explain any five factors behind the change of Indian retail industry Question 2 Explain meaning of market segmentation along with benefits of segmentation Ques

Briefly explain the main managerial skills required, QUESTION 1 (a) Wha...

QUESTION 1 (a) What are the management functions? (b) What are the key managerial roles according to Mintzberg? (c) Briefly explain the main managerial skills required

Office management, identify and explain the major problems in the case

identify and explain the major problems in the case

Cultural context, Problem 1 a) What do you meant by cultural context? ...

Problem 1 a) What do you meant by cultural context? b) Differentiate between low-context cultures and high-context cultures. c) How will we improve intercultural commu

Improve quality to zero defects, The  primary elements of zero inventories ...

The  primary elements of zero inventories synonym to JIT ) are: a. To have only the  required  inventory when  needed. b. To improve  quality to zero  defects. c. To reduc

Total quality management, what are the common barriers to team progress of ...

what are the common barriers to team progress of pepsico?

Determining various stock levels, Another important decision is maintaini...

Another important decision is maintaining inventory and determining the inventory level. An inventory level is a quantitative limit, which should neither be much higher nor

Financial management, which type of financing is appropriate to each firm

which type of financing is appropriate to each firm

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