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

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

Identify any one Charismatic leader in an organization, Use the features of...

Use the features of Charismatic Leadership to analyse the man or woman.

Short-term finance, discuss three approaches to the short-term finance prob...

discuss three approaches to the short-term finance problem and provide relevant examples for each

How does organisational culture develop, Question 1: (a) How does organ...

Question 1: (a) How does organisational culture develop? (b) What are the functions of an organisational culture? (c) What are its drawbacks? Question 2: (a) What are t

Rule of 72, what is the interest earned for a deposit of $100,000 at 2% for...

what is the interest earned for a deposit of $100,000 at 2% for 5 years

What do you mean by managerial motivation, What do you mean by Managerial M...

What do you mean by Managerial Motivation? Managerial Motivation: This motivation is the means or inducements that impel or inspire a person to intensify his willingness

Management skills, Management skills: Q. A few organizations have rece...

Management skills: Q. A few organizations have recently tried to minimize employee use of email when communicating with colleagues. Specifically, these companies have banned t

How is line and staff functions affected in organisation, How is the line a...

How is the line and staff functions affected in the organisation? Line and Staff functions: every activities of an organization can be categorised in Supporting and Prima

Analyse the business and information management issues , You have been appo...

You have been appointed as part of a consultancy team that has been commissioned to assess the management issues concerned with the delivery of an online system for the submission

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