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

Capital expenditure program, Capital Expenditure Program Stanaway had a...

Capital Expenditure Program Stanaway had assumed responsibility for the Glenlines Plant only twelve months previously and undertook a detailed review of the operations and disc

Business continuity, My response to both questions was yes. I an of the vie...

My response to both questions was yes. I an of the view that if the purchase of a cell phone is required to ensure business continuity, every one should key into the decision.

Contribution of education to the social structure, "Society can survive onl...

"Society can survive only if there exists among its members a sufficient degree of homogeneity; education perpetuates and reinforces this homogeneity by fixing in the child from th

Distinguish between a group and a team, QUESTION 1 (a) Using suitable e...

QUESTION 1 (a) Using suitable examples distinguish between formal and informal organization. (b) Describe any two characteristics a formal Organisation. (c) Illustrate an

Disadvantages of outsourcing for an organisation, Explain FIVE main disadva...

Explain FIVE main disadvantages of outsourcing for an organisation. Surrender of core competence The services may show (or contribute to) a core competence for the organis

Perform the transformation, The activities of this last phase are: 1. D...

The activities of this last phase are: 1. Develop a migration strategy, 2. Create a migration action plan, 3. Develop metric for measuring performance during implement

Discuss the cultural differences that affect communication, QUESTION W...

QUESTION When in Japan, Do as the Japanese Do In the past, doing business in Japan was a difficult, complicated, and often an unsuccessful venture. In addition to differen

Production and operations mangement, 5. The average annual investment cost ...

5. The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000. It has been calculated to be $150,000 in Kentucky. The hourly cost at a wor

Explain ethical decision you had to make, Ethics, trust and integrity are o...

Ethics, trust and integrity are often challenged in an investment banking job. Look at the sub prime crisis, the near collapse of the mortgage giant, Fannie Mae, and the restatemen

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