Meaning of Accounting

                                  Definition of Accounting

 

The Process of identifying, measuring and communicating economic information to permit informed judgments and decision by the users of accounting information.

Activities covered under Accounting

  1. Identifying the transactions and events
  2. Measuring the identified transactions and events
  3. Recording
  4. Classifying
  5. Summarizing
  6. Analyzing
  7. Interpreting
  8. Communicating

 

Definition of Financial Accounting•  Financial accounting is the process of identifying, measuring and communi...

 

Name :K CH Peri reddy
Subject : Commerce Faculty
Years of Experience : 15 Years