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

Organizational culture, Organizational Culture The concept of organiza...

Organizational Culture The concept of organizational culture is fairly recent. It became a topic of significant concern in the United States during the early 1980s, primarily

objectives of materials handling, Objectives of Materials Handling 1. ...

Objectives of Materials Handling 1. Reduction in Wastage of Machine  time: Proper material handling  system would  ensure  regular  supply  and distribution  of raw  material

Discuss the limitations to rational decision making, Question 1: (i) A...

Question 1: (i) An organisation evolves in a specific and general environment. Discuss, using examples, the components of each environment. (ii) ‘Ethical workplace behavi

Business analytics assignment, Hey I need help with the Part 3 of my busine...

Hey I need help with the Part 3 of my business analytics assignment

Concept of cognitive dissonance theory, Question 1: Describe the concep...

Question 1: Describe the concept of Cognitive Dissonance theory. What are the strategic core values of Quality Management System (QMS)? Concept of Cognitive Dissonance th

Workplace Stress, AsSeek out at least three individuals within your sphere ...

AsSeek out at least three individuals within your sphere of influence and ask the following: What does workplace stress feel like to you? What activities or actions do you or your

Breakdown maintenance, As the name suggest corrective maintenance occurs...

As the name suggest corrective maintenance occurs when there is a work stoppage because of machine breakdown. In this sense maintenance becomes repair work. Repairs are

Minimum cost, Sid and Nancy both need to buy pens for school. The bookstor...

Sid and Nancy both need to buy pens for school. The bookstore has only two types of pens: Basic blue pens (B), which cost $.60 each. Long-lasting green pens (G), which have

Implementation of e-procurement in an organization, Question 1: (a) Tho...

Question 1: (a) Though e-procurement overcomes many of the shortcomings of traditional purchasing systems yet it did not have the success expected. Discuss why this has been th

Developing plans for areas of responsibility, Work Breakdown Structures (WB...

Work Breakdown Structures (WBS) - explain the value, role and use of the WBS methodology in project management. Planning within organizations takes place at strategic, tactical

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