a) Who is the Father of Accounting?                                                      b Explain his contributions?

Q: Discuss the history of Accounting?

A: Italy, birthplace of many of the world's most important historical figures like Michelangelo,…

Q: Who is the Father of Accounting?                                                                  b)…

A: Fra Luca Bartolomeo de Pacioli is the father of Accounting.

Q: What are the basics of Accounting?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Q4.a) Who is the Father of Accounting? b) Explain his contributions?

A: Accounting is the method of recording, analysing, and communicating the financial information of the…

Q: how does accounting work?

A: Accounting is the method of recording all the financial transactions of the business. This process…

Q: Financial accounting serves what purpose

A: Introduction : Financial accounting The process of preparing financial statements, which comprise…

Q: What does the accounting equation show?

A: An accounting equation shows the relationship between Assets, Liabilities and Equity of a entity. It…

Q: what is accounting?explain it.

A: A business needs quantitative record of its over financial performance and financial position in…

Q: What are the golden rules of accounting?

A: Accounting is the process of recording, classifying and summarising financial transactions in order…

Q: What are the basic bodies of accounting and what do they do?

A: Basic Bodies of Accounting Accounting bodies are the national or international bodies which has the…

Q: Question 4: a) Who is the Father of Accounting? b) Explain his contributions?

A: Accounting is the recording, summarising, and communicating the financial information of the…

Q: What is accounting own words

A: Introduction:- Accounting may be defined as the process of recording and summarizing business and…

Q: What is the significance of accounting to people?

A: SOLUTION-   ACCOUNTING TO PEOPLE  MEANS ACCOUNTING TO USERS . THERE ARE SOME USERS OF ACCOUNTING ARE…

Q: How would you define the fundamental accounting equation

A: Fundamental Accounting Equation: The "basic accounting equation' refers to the mathematical equation…

Q: What is the number one rule in accounting?

A: Rules for Debit and Credit According to the traditional Classification: Rule No. 1- Debit the…

Q: Tell me Features of accounting?

A: Accounting process starts with the process of maintaining books of accounts. Relevant business…

Q: What information does financial accounting cover?

A:

Q: Who is the father of Accounting and why he was called the father?

A: Accounting is a process to identify the business transactions, record the transactions and prepare…

Q: what are accounting principles?

A: Accounting principles are a set of rules and regulations that should be followed when reporting the…

Q: What is accounting and what are your learnings about it?

A: Account: It is often defined as a record maintained in the general ledger of the company and used to…

Q: What is the purpose of accounting in society?

A: Accounting is the measuring, recording, classifying and communicating financial information to the…

Q: What are the importance of Accounting in our life? How Accounting affects the modern life and Is…

A: Answer: In todays world everything is defined in numbers. Accounting is not just a subject but it is…

Q: Define principles of Accounting?

A: Accounting is a way of recording money related transactions in the financial statements of an…

Q: DEFINE AND EXPLAIN  ACCOUNTING THEORY

A: Accounting refers to the process of keeping records of financial events and transactions happening…

Q: What are the accounting concept?

A: Solution:- Introduction:- Accounting concepts are defined as basic assumptions on the basis of which…

Q: 2. Who are users of accounting information, what are its types? Explain with examples.

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS    “Since you have asked multiple questions, we will…

Q: Explain the Accounting Equation?

A: The accounting equation is the foundation of the balance sheet as well as the fundamental premise of…

Q: What is the purpose of accounting?

A: Accounting is the process of recording the financial transactions and events of a business. The…

Q: Who is father of the accounting

A: Accounting: According to the American Institute of certified Public Accountants ( AICPA ) ,…

Q: What is Basis of accounting

A: The system by which revenues and expenses are recognized in a company's financial statements is…

Q: What are the major contribution of Luca Pacioli to the development of accounting?

A: Luca Pacioli presented the use of journals and ledgers in accounting processes, emphasizing the…

Q: Why do people care about accounting?

A: This question discusses accounting.

Q: Which of the following is NOT related to accounting? O a. Management accounting O b. Financial…

A: Accounting:- Accounting includes recording of business transactions. Under accounting, the…

Q: what is the accounting equation?

A: Accounting: It is defined as a process of gathering, recording, summarizing, analyzing, and…

Q: a) What is the purpose of accounting?  b) List two possible users of accounting information? c)…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing , and…

Q: 1. How much of the needed information can be provided by accountants?

A: Accounting is the process that is followed by an enterprise to estimate the financial position of…

Q: What is the meaning of accounting?

A: Bookkeeping refers to the way of recording day-to-day business transactions and information.…

Q: What are the strategies of Accounting Theory?

A: It involves the assumptions that guides the reporting and recording.

Q: Which came first? Accounting regulations or the need for accounting regulations? Explain.

A: Accounting regulations are important part of accounting and regulation of accounting make accounting…

Q: what is the importance of accounting?

A: Accounting principles are a set of general rules and recommendations that businesses must follow…

Q: What is accounting explain briefly?

A: Accounting means the process of recording the transaction , posting , summarizing , interpreting and…

Q: 3. Why are accounting standards important in the accounting profession?

A: Lets understand the basics. Accounting standard are set of basic rules and policies which needs to…

Q: What is the importance of Accounting's definition, nature, history, and internal users of its…

A: Accounting information consist of accounting data evaluation, assessment and final result. Financial…

Q: Q4.a)Who is the Father of Accounting? b) Explain his contributions?

A: Luca Pacioli who developed his first book in accounting in year 1494, will be known as Father of…