Theozilical fnamc woak
Meaoigg and objeckives of accanting
Definlian f acOun tioq, -
Accounkng rs the ant of nfolding.
cassifqing and soometisinq in a signifcant manner
and in be keams of monesskonsoction end events
ohich are in pas! at 1east fnanicial chaza cter and
ntex poelin the YeSOlLs khere af"
- Ameican Lnstrtude of ceatified public
acloon tants
Chazackezidics al dccaoohng
le Accounting is an ast as well as science :
Ast is the techoiq,ue of attaininq
pre- detezmined the Objeck1yes Acoon bing is tbe ast of
}eLgIding, classifying and sommezisin husiness
Eransoctions with á view to ascertdn the net prokL
and fDanicial position of the buSiness
Accoontng isa Sciene as it 1s having an
rgani sed body of knouo lede based onceztain
specified p1na ples and aonting standaxds.
Reconding of firanitial txansac bioo onls
Only those toanSaction and evenls which
aHe O inanicial chaacter are
which eannot be exre ssedìn leamg 7eozdedTansacin
aß money ate
ngt recoxded.
, eg: Resignation by an erpertenced
maage
Bbaike By employes etc.
Recoxding in terms of money:
3 Eronsaction_is_ gecorded in he
Each
books in terms of money onls
4: Cossifuing
Aftez ecording the toansaction injoUne
tbe tansaction age lassifq1ng: classification is
qTOuping tansction of one nabre
Ehe process of
separate account is called
at one place in a separate
slig
ledger
Sommatising
SummaisiD is tbe anl of presenhnq
the classify data in M¡nneT twbich is
undersbandable and useful ko the manage
ment and other uses
Keccading, cossifying is also tesmed as
R psocess of actountinq 0r acoontiog cycle
Ssansaceon
polonce
1Sheet
Tyading JoUsnel
profitor lóss Ac
ledger
Meaoigg and objeckives of accanting
Definlian f acOun tioq, -
Accounkng rs the ant of nfolding.
cassifqing and soometisinq in a signifcant manner
and in be keams of monesskonsoction end events
ohich are in pas! at 1east fnanicial chaza cter and
ntex poelin the YeSOlLs khere af"
- Ameican Lnstrtude of ceatified public
acloon tants
Chazackezidics al dccaoohng
le Accounting is an ast as well as science :
Ast is the techoiq,ue of attaininq
pre- detezmined the Objeck1yes Acoon bing is tbe ast of
}eLgIding, classifying and sommezisin husiness
Eransoctions with á view to ascertdn the net prokL
and fDanicial position of the buSiness
Accoontng isa Sciene as it 1s having an
rgani sed body of knouo lede based onceztain
specified p1na ples and aonting standaxds.
Reconding of firanitial txansac bioo onls
Only those toanSaction and evenls which
aHe O inanicial chaacter are
which eannot be exre ssedìn leamg 7eozdedTansacin
aß money ate
ngt recoxded.
, eg: Resignation by an erpertenced
maage
Bbaike By employes etc.
Recoxding in terms of money:
3 Eronsaction_is_ gecorded in he
Each
books in terms of money onls
4: Cossifuing
Aftez ecording the toansaction injoUne
tbe tansaction age lassifq1ng: classification is
qTOuping tansction of one nabre
Ehe process of
separate account is called
at one place in a separate
slig
ledger
Sommatising
SummaisiD is tbe anl of presenhnq
the classify data in M¡nneT twbich is
undersbandable and useful ko the manage
ment and other uses
Keccading, cossifying is also tesmed as
R psocess of actountinq 0r acoontiog cycle
Ssansaceon
polonce
1Sheet
Tyading JoUsnel
profitor lóss Ac
ledger
