7 years ago in Basic Accounting

Accounting is defined as ?

[A] An art of recording,classifying and summarizing in a significant manner and in terms of money,transactions and events which are in part at least,of a financial character and interpreting the results thereof.
[B] A systematic and regular record of events clear financial picture
[C] A method of ascertaining profits & loss
[D] Noting but book keeping
Loading...
Next Question

Overall Stats

Attempted 186
Correct 106
Incorrect 25
Viewed 55

Answers

Guest
Guest
Gowri Srinivas Gowri - 1 year ago

option A is the correct answer

Lalchan Ali - 4 years ago

Accounting is a process of analysing, summarising, classification and recording all financial transactions and other related events and it's helps to the management for planning and decision making process.

vikram jadhav - 5 years ago

why not B and C

SUSHAMA
SUSHAMA - 4 years ago

SUSHAMA from Mumbai, India is saying A systematic and regular record of events clear financial picture is correct answer

Brian Richard Diaz
Brian Richard Diaz - 4 years ago

Brian Richard Diaz from Bagong Nayon, Philippines is saying An art of recording,classifying and summarizing in a significant manner and in terms of money,transactions and events which are in part at least,of a financial character and interpreting the results thereof. is correct answer

Related Questions

Which of the following is not available in the Financial Statements of a Company ?

  • [A] Total Sales
  • [B] Total Profit and Loss
  • [C] Loss from Fire
  • [D] None of above

Management Accounting

  • [A] Is a clerical work
  • [B] Is accounting for future
  • [C] Is a recording technique of the management related transactions
  • [D] Is an analysis of the past business activities