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

Human resources management , Performance management is a means of getting b...

Performance management is a means of getting better results from the organization, team and individuals. Discuss this statement highlighting the importance of performance appraisal

Analyze the major determinants of cost efficiency, Question 1 Price or ...

Question 1 Price or market competitiveness of a product or business depends on its cost competitiveness. Cost competitiveness implies two things-cost efficiency and cost effect

Explain a few decision-making models in management, Question: (a) Expla...

Question: (a) Explain a few decision-making models in management, giving examples of management decisions in each case. (b) The three main management styles which belong to

Pharmaceutical services industry, Paisano Pharmacies, a fictitious business...

Paisano Pharmacies, a fictitious business in the pharmaceutical services industry, is owned by VictorPaisano. Currently, Paisano has two pharmacieslocated in Killeen and Temple, Te

Functional structure, what is the span of control of the financial manager

what is the span of control of the financial manager

ANSWER REQUIRED., 1. WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY? 2. IF ...

1. WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY? 2. IF YOU WERE ONE OF THE OTHER FOREMEN, WHAT COULD YOU DO TO MAKE RAJINDER''S TRANSITION EASIER?

Explain the basic features of inflation targeting, QUESTION "Many count...

QUESTION "Many countries in the world have moved towards a framework of conducting monetary policy as "Inflation Targeting". The Central Bank is supposed to follow a monetary p

M.COM, What are the rationale of transfer of technology? Describe various n...

What are the rationale of transfer of technology? Describe various non-equity forms of technology transfer by TNCs and Small and Medium Enterprises

What do you understand by stress, Question 1: Industrial psychology is ...

Question 1: Industrial psychology is basically an applied field that is concerned with issues arising in a work environment and efficient management of an industrial labor forc

What are the principles of organization, What are the Principles of Organiz...

What are the Principles of Organization? Some common principles are: a. Consideration of objectives b. Relationship of the fundamental components of the organization c

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