What is the definition of bookkeeping?

Q: Where and how are financial records kept? Who is responsible for their storage ? Is there a length…

A: Financial records are essential for any firm to understand the company's financial history,…

Q: What is tally accounting?

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

Q: What is the definition of accounting?

A: Accounting is the process of recording financial transactions related to a business. The accounting…

Q: What is shelf registration?

A: Answer: Shelf registration is subject to Securities and Exchange Commission SEC Rule 415 of the…

Q: What is tally accounting, and how does it work?

A: Tally is an accounting program that lets you track and manage all of your accounts, sales, debts,…

Q: What is the primary purpose of an accounting system?

A: the primary objective of accounting is to record the financial transactions in the books of…

Q: Define bookkeeping in your own words

A: Accounting is the process using which daily business transactions are kept in the form of a proper…

Q: What is accounting? Also define its branches.

A: Every business, when it set up, has to know its plan of how it has to be carried on and what all…

Q: What is accounting base on

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

Q: what is accounting?explain it.

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

Q: What is a double-entry bookkeeping system?

A: The accounting is a process to classify the transactions, record the transactions and prepare the…

Q: What are the branches accounting?

A: Accounting represents the recording of the financial and non-financial information in the books of…

Q: What is the purpose of an accounting system?

A: Accounting is an art of systematic recording, classifying and summarising financial transactions…

Q: What is a ledger?

A: Accounting: Accounting can be defined as the process of identifying the business transaction,…

Q: What is financial accounting's principal purpose?

A: The financial accounting main and principal purpose is to allow the third parties to assess the…

Q: What is an account and how is it related to the ledger?

A: Accounting is the process of identifying, recording, classifying and summarising accounting…

Q: What is the important of Accounting

A: Accounting is the process of systematically recording, measuring, analyzing and communicating…

Q: How is book value calculated, and what does it represent?

A: To compute book value as follows:

Q: Difference between bookkeeping and ​accounting

A: Account: It can be defined as a record that is maintained in the general ledger and is used to store…

Q: ng information?

A: Concept: Information contains in the financial statements is said as free from bias. It reflects a…

Q: accountancy?

A: Accountancy -:Accountancy is the method of documenting, assessing, and reporting on company…

Q: What is financial accounting?

A: Meaning of financial accounting:Financial accounting is one of the branches of accounting that…

Q: Importance and use of bookkeeping?

A: Double-entry bookkeeping system: The double-entry bookkeeping system by its name implies that there…

Q: What is the other name of purchases returns

A: Whenever inventory is being purchased in business for sale or for use in production and…

Q: Where and how are financial records and reports kept? Who is responsible for their storage? Is there…

A: Financial reporting alludes to established processes for providing shareholders with an authentic…

Q: What is the classification of general ledger account?

A: General ledger: General ledger is a set of ledger accounts that are recorded in the journal and…

Q: What is accounting information?

A: Solution:- Accounting information means as follows under:-

Q: What are the accounting concept?

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

Q: What is the relationship between an account and item?

A: it is important to understand the difference between item and account . the accounts are used to…

Q: What is Accounting

A: The accounting is main part or language of the business which helps to maintain the all the…

Q: What is account?

A: The account is a very important term that is used in the accounting process. It includes assets,…

Q: What is the purpose of accounting?

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

Q: what is accounting?

A: Bookkeeping refers to the process of identifying, measuring and recording of financial transactions.…

Q: What is book value?

A: Depreciation: Depreciation is a method of reducing the capitalized cost of long-lived operating…

Q: What is bookkeeping

A: Book Keeping is one of the functions of accounting.

Q: Difference Between Financial Accounting And Bookkeeping?

A: Definition:   Bookkeeping: Bookkeeping is the process of recording financial transactions and other…

Q: What are finanicial transactions?

A: Transaction process system: It is a transaction process system can be defined as a system which is…

Q: what are checks and balances ?

A: Checks and Balances:-It is a system where each branch of government has power and helps in…

Q: What is the purpose of a journal? What is the purpose of a general ledger?

A: Journal entries: A journal entry is recorded for every business transaction. It is the first step in…

Q: what does a general ledger do?

A: The ledger seems to be a book of accounts that contains the categorized and summarised information…

Q: Which of the following is most likely to be described as a depository institution?

A: Depository institutions are those institutions who have the authority to accept monetary deposits…