Definiton of accounting

Q: How accounting information help stakeholders in decision making

A: Accounting is the process of recording, classifying and summarising accounting information in such a…

Q: Explain the difference between management accounting and financial accounting.

A: ANSWER : Basis of difference Management accounting Financial accounting 1. Meaning…

Q: Describe the basic assumptions of accounting.

A: Accounting is a systematic process of identifying, recording, measuring, classifying, verifying,…

Q: Accounting equation system

A: The answer is provided as follows:

Q: difference between financial accounting and management accounting

A: Financial accounting is the process of collecting data to create financial statements. Managerial…

Q: cial/accounting information in terms of ALSE

A: The given statement is FALSE .

Q: Basic purpose of accounting

A: There are two basic purpose of Accounting they are 1. Ascertaining Financial results (Profit ans…

Q: Describe significant accounting policies.

A: Definition: Accounting policies: Accounting policies are the specific principles and rules which…

Q: Role of Accounting

A: Accounting: Accounting is a process of collecting and organizing financial transactions, analyzing,…

Q: Accounting Explne

A: The business maintains its records in the form of accounting. The business being small or larger, it…

Q: What is accounting base on

A: The term that is related to the recording of the business transactions, summarizing the data, and…

Q: Analyze the effects of transactions on the accounting equation

A: Accounting equation:   Accounting equation is an accounting tool expressed in the form of equation,…

Q: What is the basic accounting equation?

A: Basic Accounting Equation: The mathematical equation which shows the relationship among the…

Q: Distinguish between financial accounting and management accounting.

A: Managerial accounting: Management accounting is a practice whereby management reports and accounts…

Q: n the role of the accounting system according to the agency theory

A: Agency theory is one of the common problem in the organization form of the system and that exist due…

Q: differentiate between financial accounting and management accounting

A: Accounting is the process of record of financial data with sorting, storing , retrieving,…

Q: Understanding of accounting and its importance

A: Accounting is the process of recording, analyzing and summarizing the financial statement . It is…

Q: What is accounting. Write its types

A: Accounting is nothing but a method of analyzing recording and summarizing of all event which…

Q: Define accounting equation

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: which internal users need the accounting information

A: Accounting information data is the data that emerges from business exchanges. When distinguished,…

Q: explain the accounting equation in its basic and expanded forms

A: The accounting equation is used as the basis of the accounting method of dual entry. The balance…

Q: About accounting

A: Financial Accounting- Financial accounting is the process of documenting, compiling, and disclosing…

Q: Why accounting information elements that may affect by stakeholders

A: Accounting is the process of recording, classifying and summarizing accounting information in such a…

Q: What are the principle of accounting

A: Principles of accounting are the rules and regulations that must be pursued by an organization when…

Q: Accounting concept and convention

A: Accounting concept is defined as the accounting assumptions which the accountant of a firm…

Q: Principles

A: Answer: Accounting is the subject that is more concerned with the treatment of the numbers so that…

Q: DEFINE AND EXPLAIN  ACCOUNTING THEORY

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

Q: Meaning and types of accounting

A: Introduction: Accounting is one in all the foremost important roles of a corporation. An accountant…

Q: Define accounting

A: One of the most important factor any business is accounting. An accountant is the one who handles…

Q: Elaborate Functions of Accounting

A: The accounting is a process to identify the business transactions, record the transactions and…

Q: what is the accounting equation?

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

Q: What do the accounting equation's elements entail? Give an explanation.

A: Accounting equation:  An accounting equation is a tool that creates a link between a company's…

Q: accounting consept

A: Introduction Accounting Concept: Accounting concept refers to the fundamental assumptions,…

Q: Example of a accounting equation

A: The fundamental accounting equation is mathematically expression derived from the principle of the…

Q: Accounting princippls

A: The accounting is a process to identify the business transactions and record the transactions and…

Q: Accounting equation

A: Total Assets= liabilities + Owner's capital

Q: accounting

A: Debit  :-  In accounting it indicates benefit received by a particular…

Q: anagerial Accounting uditing ost Accounting

A: a) An activity that provides financial and non-financial information to managers and other internal…

Q: What is the difference of basic accounting equation from the expanded accounting equation?

A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business…

Q: Define accounting income

A: Income: It can be defined as the amount received by the business or an individual from selling its…

Q: What’s accounting

A: The accounting is the main part of every business.

Q: Principles in accounting

A: Basic Accounting assumption are broad concepts that underlie generally accepted accounting…