accounting

Q: Explain the difference between management accounting and financial accounting.

A: ANSWER : Basis of difference Management accounting Financial accounting 1. Meaning…

Q: Accounting equation system

A: The answer is provided as follows:

Q: History of accounting?

A: What's the essence of the Accounting Profession ? :- it hasn't changed much over the time.…

Q: Definiton of accounting

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing, and…

Q: Explain how the accounting equation organizes financial information using T-accounts and debits and…

A: Accounting involves the process of recording, analyzing, and summarizing costs, allocating,…

Q: ACCOUNTING THEORY DEFINED AND EXPLAINED

A: Introduction: Accounting is maintaining records of financial events and transactions that occur in a…

Q: Basic purpose of accounting

A: There are two basic purpose of Accounting they are 1. Ascertaining Financial results (Profit ans…

Q: Describe significant accounting policies.

A: Definition: Accounting policies: Accounting policies are the specific principles and rules which…

Q: Role of Accounting

A: Accounting: Accounting is a process of collecting and organizing financial transactions, analyzing,…

Q: What role does an Accounting Information System play in today's accounting?

A: The accounting information system is a way to keep the track of all the business transactions and…

Q: iness by providin information used in the financial accounting and management accouunting fiel…

A: Since we answer only one question, we will answer the first question. Please resubmit the question.…

Q: Distinguish between financial accounting and management accounting.

A: Managerial accounting: Management accounting is a practice whereby management reports and accounts…

Q: Financial Accounting ‏

A: A fiscal year is a period used for preparing the financial statement of the company.

Q: Financial accounting information?

A: Introduction: Accounting: The process in which the financial transactions of the business entity are…

Q: differentiate between financial accounting and management accounting

A: Accounting is the process of record of financial data with sorting, storing , retrieving,…

Q: Discuss the place of books and documents in accounting, considering the functions and basic concepts…

A: The accounting process starts with the identification of monetary transactions and recording of…

Q: nciples of accounting

A: Principles of accounting are the rules and regulations that must be pursued by an organization when…

Q: Understanding of accounting and its importance

A: Accounting is the process of recording, analyzing and summarizing the financial statement . It is…

Q: explain the purpose and importance of accounting

A: 1. The purpose of Accounting :    The purpose of accounting is to gather and report on financial…

Q: What is the relevance of the Accounting Information System in today's accounting practice, and how…

A: SOLUTION THE PURPOSE OF ACCOUNTING INFORMATION SYSTEM IS TO COLLECT ,STORE AND PROCESS FINANCIAL AND…

Q: Define accounting equation

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

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: What is Accounting? Bookkeeping vs. Accounting Purpose of Accounting Generally Accepted Accounting…

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: Role of accounting officer

A: An accounting officer is a person who is responsible for the financial record keeping of the…

Q: Explain accounting principles.

A: Accounting principles: The conventions or rules those are required to prepare and report the…

Q: List of original sources of accounting

A: Accounting is the term that is defined as the process of documenting or recording the financial…

Q: About accounting

A: Financial Accounting- Financial accounting is the process of documenting, compiling, and disclosing…

Q: Financial accounting is the area of accounting aimed at serving __________ by providing them with…

A: Financial accounting helps in preparing financial statements like Statement of Income, balance sheet…

Q: what are the accounting concepts? define in detail every one of them in financial accounting.

A: Accounting concepts are the basis of financial accounting. An accounting concept is a fundamental…

Q: Distinguish Financial accounting from Management Accounting

A: Accounting is the process of recording financial transactions that are material to the business. It…

Q: Differentiate between accounting and finance

A: Solution:- Accounting :- Accounting may be defined as "Accounting" is the process of measuring,…

Q: Explain the application of the basic principles of accounting.

A: Income tax expense:   The expenses which are related to the taxable income of the individuals and…

Q: accounting consept

A: Introduction Accounting Concept: Accounting concept refers to the fundamental assumptions,…

Q: Accounting equation

A: Total Assets= liabilities + Owner's capital

Q: Examples of Accounting Information System

A: Accounting Information Systems help in the completion of duties related to budget analysis. An…

Q: what makes up accounting theory

A: An accounting theory is a notion that uses speculations, methodologies and frameworks in the study…

Q: Discuss the  meaning and needs of accounting standards.

A: Accounting standards:Accounting standards are common set of principles, procedures and standards for…

Q: Why does the Financial Accounting Standards Board define accounting as information systems?

A: A seven-member independent board consisting of accounting professionals who establish and…

Q: Principles in accounting

A: Basic Accounting assumption are broad concepts that underlie generally accepted accounting…