2007-08-07 01:39:27 · 3 answers · asked by Raj 1 in Business & Finance ➔ Other - Business & Finance
accounting
-noun
1. the theory and system of setting up, maintaining, and auding the books of a firm; art of analyzing the financial position and operating results of a business house froma study of its sales, purchases, overhead, etc. (distinguished from Bookkeeping).
2. a detailed report of the financial state or transactions of a person or entity: an accounting of the estate.
3. the rendering or submission of such a report.
2007-08-07 01:45:24 · answer #1 · answered by Michael K 5 · 0⤊ 0⤋
Accounting Defined
- The process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by the users of the information.
-The accounting process includes observing events in order to indentify the events that are of a financial nature.
-Accounting requires recording, classifying, and summarizing the economic events, such as food sales.
2007-08-07 10:14:06 · answer #2 · answered by Sandy 7 · 0⤊ 0⤋
Good grief look it up at http://www.dictionary.com
2007-08-07 08:42:53 · answer #3 · answered by Anonymous · 1⤊ 0⤋