Accounting Courses In Chandigarh
What is the accounting? Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.
What is the accounting terms? Accounting Terms. Accounts Payable - Accounts Payable are liabilities of a business and represent money owed to others. Accounts Receivable Assets of a business and represent money owed to a business by others. Accrual Accounting - Records financial transactions when they occur rather than when cash changes hands.
What is the main function of accounting? The primary purpose of any accounting function is that of ongoing financial record keeping. Monetary information of all types--operational expenses, salaries, donations, capital expenditures, investments, cash flow, utilities--should be tracked on a monthly basis at a minimum.
What are the different branches of accounting? Different branches of accounting came into existence keeping in view various types of accounting information needed by a different class of people viz. ... There are three main branches of accounting which include financial accounting, cost accounting and management accounting.
What is the main function of accounting? The primary purpose of any accounting function is that of ongoing financial record keeping. Monetary information of all types--operational expenses, salaries, donations, capital expenditures, investments, cash flow, utilities--should be tracked on a monthly basis at a minimum.
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