What is Accounting?
Accounting is a process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. Accounting is a process to know the financial position of the company, that if ,we are earning Profits or Losses.
Accounting consists of all the acts of counting and thinking of accountant……. accountant handles accounts where they record all the transactions recorded by the Bookkeeper in the book of accounts…..
Accounting is a process of keeping records of financial reports to know the financial position of the company.
There are some basic Golden Rules of Accounting:
1. Personal A/c
2. Real A/c
3. Nominal A/c
Accounting is all about debit side and credit side……Get your Knowledge bank from us and join for free Demo Class. Call today at NTPR Centre 0172-4181444/9781090222.