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

Explain queuing theory, Explain queuing theory and give examples of the way...

Explain queuing theory and give examples of the ways in which it might benefit a hospital providing services to the public. Service organisations such as hospitals can benefit

What are the characteristics of a small group, QUESTION 1 i) Explain th...

QUESTION 1 i) Explain the following definitions Technical definition Process definition Transactional definition ii) What are the characteristics of a small g

Business Communication, Explain some of the approaches for handling custome...

Explain some of the approaches for handling customer complaints and listening to customers

CASE STUDY, It goes by many terms - information overload, analysis paralysi...

It goes by many terms - information overload, analysis paralysis, data dumping, and so on. You know what we''re talking about. It is indeed greater to live in the information age w

Characteristics of business process reengineering, The major characteristic...

The major characteristics are: 1. Several jobs are combine into  one. 2. Employees make decisions ( empowerment of  employees.) decision making  becomes  part of  the job.

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

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

What are the characteristics of an effective team, QUESTION (a) In to...

QUESTION (a) In today's economic climate, the dominant concerns of most businesses focus on efficiency, quality and profitability and the quest to find a way to narrow these

Consumer behaviour when making a purchase, Describe briefly the main stages...

Describe briefly the main stages included in the (rational) process of consumer behaviour when making a purchase.   Problem/Need recognition The purchasing process is a pro

Describe about total quality management, Q. Describe about Total Quality Ma...

Q. Describe about Total Quality Management? Total Quality Management is a wider Management approach than quality control. TQM many utilize a variety of tools and methods to see

What are the advantages and disadvantages of ecommerce, Problem A) eBay...

Problem A) eBay is The World's Online Marketplace®, enabling trade on a local, national and international basis. With a diverse and passionate community of individuals and smal

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