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

Analysis on organisation internal or external environments, Introduction ...

Introduction Give a brief account of the history of the company and trace the evolution of its strategy over time. As part of this introduction, identify the organisation's cur

Professional Ethics, Answer all the following questions: 1. “Although the...

Answer all the following questions: 1. “Although there is no complete list of adequacy criteria for moral judgments, moral judgments have certain requirements that should be foll

How important is the concept of motivation, Question 1: Define Communic...

Question 1: Define Communication and account for the dominant role which it plays in the function of Organisations. Question 2: Describe Planning and give an account of

Managing Knowledge, Discuss what kind of organisational culture promotes or...

Discuss what kind of organisational culture promotes organisational learning.

Philosophical Ethics & Business, First, think about your own upbringing and...

First, think about your own upbringing and values when faced with an ethical decision, whether it is in a business environment or not. How are your beliefs the same as or differe

., VK Ltd a multi product company, furnishes you the following data relatin...

VK Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000

Business ethics, pros and cons of commercial transactions in blood from the...

pros and cons of commercial transactions in blood from the egoistic perspective

Describe the product identification and traceability, Problem 1: Explai...

Problem 1: Explain conformance to requirements with respect to purchasing in ISO 9000. List out the steps followed in implementation of an ISO 9000 in compliance to purchasing

Business process analysis, Business Process Analysis 1. Comprehensive b...

Business Process Analysis 1. Comprehensive business process analysis with suggested improvements. Must include projected quantitative results. Report must include use of analyt

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