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

Operation of online analytical processing, Compare and contrast the goal, r...

Compare and contrast the goal, role, and operation of Online Transaction Processing (OLTP) and Online Analytical Processing (OLAP) tools in the context of Business Intelligence ini

Describe theory of maslow, Describe Theory of Maslow Outline the meani...

Describe Theory of Maslow Outline the meaning of Motivation as it applies in the work place.  Give a framework (a map) of the various relevant theories. Individual Componen

Objectives and applicability of 1948s factories act, What are the objective...

What are the objectives and applicability of 1948s Factories Act? Objectives and applicability of 1948s Factories Act: The Factories Act controls the conditions of work a

Define good governance, QUESTION 1 a) Define good governance b) Desc...

QUESTION 1 a) Define good governance b) Describe the importance of good governance in the business context QUESTION 2 Taking the Mauritian context in consideration

Explain the approaches to benchmarking, Located in Texas, USA, KARLEE is a ...

Located in Texas, USA, KARLEE is a contract manufacturer of precision sheet metal and machined components for customers in the telecommunications, and medical equipment industries.

Explain about the term lead time, Explain about the term Lead Time. L...

Explain about the term Lead Time. Lead Time: It is the time which takes the stock to reach through Re-order point to minimum stock level. This may be also described as th

Total quality of services, Many services are intangible and by their ver...

Many services are intangible and by their very nature it is difficult to determine their quality. Take for example, the problem that airlines face when they try to determine

The stages involved in composing a written business message, QUESTION 1 ...

QUESTION 1 You are required to give a presentation to a group of 20 staff within your department. Discuss the factors that you should consider in order to make an effective ora

Outline the importance of good body language at work, QUESTION 1 (i) ...

QUESTION 1 (i) Outline the importance of good body language at work. (ii) Elaborate on its importance while dealing with clients. Answer with examples. QUESTION 2

Telecommunication networks helps educational administrators, QUESTION P...

QUESTION Problem solving lies at the heart of educational administration. Daily, problematic situations, emerging from the complex and unpredictable nature of the school enviro

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