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

Purchasing and supply management, steps in the process of evaluating the pu...

steps in the process of evaluating the purchasing and supply

Agency law, Aagency lawsk question #Minimum 100 words accepted#

Aagency lawsk question #Minimum 100 words accepted#

Processes of problem solving and decision making, QUESTION Instruction...

QUESTION Instruction- Read the following case study and answer the questions below On a Saturday night at one in the morning Mr and Mrs Samuel, repeated guests of Marriott

DIESEAL, critically analyse diesel''''s marketing mix strategies

critically analyse diesel''''s marketing mix strategies

What is ramsay pricing, It allocates costs based on the price elasticity of...

It allocates costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.

Operations Management, is it necessary to sacrifice speed in communication ...

is it necessary to sacrifice speed in communication for the sake of a global presence?

Advise the parties, On the 10 th of March 2009 Moot enterprise Ltd posted ...

On the 10 th of March 2009 Moot enterprise Ltd posted an offer to sell 1,000 set of encyclopedias to the Ministry of Education for the price of Rs 1,000,000 and that the offer wou

What are barriers of communication, QUESTION a) (i) Elaborate on the...

QUESTION a) (i) Elaborate on the importance of feedback. (ii) Explain how it helps to enhance effective communication. b) (i) What are barriers of communication?

Advantages of a good material handling systems, Advantages  of a Good Mater...

Advantages  of a Good Material Handling  Systems:  The followings  advantages  are availed from  an efficient material  handling  system. 1.  A good  material  handling sys

Swot analysis, A government agency in osun state in collaboration with bank...

A government agency in osun state in collaboration with bank of industry organises seminar on strategic management and need to understand event,trend,issues and expectations that s

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