What is Accounting?
The size of the modern business has become so wide that it contains hundreds of thousands, thousands of business and billions of business transactions. It is impossible to handle business ventures by remembering the details of these transactions. Therefore, the orderly record of these transactions is kept, their ordering knowledge and experimentation are called accountancy only. The practical form of accountancy can be called accounting. According to the American Institute of Certified Public Accountants (AICPA) 's accounting terminology, Bulletin states that "accounting is the effect of writing, classifying and summarizing the behaviors and events that are at least partly of financial nature, effectively And the art of interpreting their results. "
According to this definition, accounting is an art, not science. This art is used for the recording, classification, condensation and interpretation of scalable behaviors and events in the currency of the financial nature.
The art of accounting, summarizing, reporting and analyzing the financial transactions of a business is called accounting only. The person taking charge of accounting is known as an accountant and the accountant's role is similar to that of a record-keeper. However, accounting is now considered to be a tool of management that provides valuable information about the future of the organization.
Smith and Ashburn presented the above definition with some improvement. According to him, accounting is mainly the science of recording and classification of business transactions and events of financial nature and it is the art of analyzing, analyzing and analyzing the important summaries of those transactions and events, and communicating the results to those individuals who have to make decisions. According to this definition, accounting is both science and art. But it is almost complete science, without a complete science.
The size of the modern business has become so wide that it contains hundreds of thousands, thousands of business and billions of business transactions. It is impossible to handle business ventures by remembering the details of these transactions. Therefore, the orderly record of these transactions is kept, their ordering knowledge and experimentation are called accountancy only. The practical form of accountancy can be called accounting. According to the American Institute of Certified Public Accountants (AICPA) 's accounting terminology, Bulletin states that "accounting is the effect of writing, classifying and summarizing the behaviors and events that are at least partly of financial nature, effectively And the art of interpreting their results. "
According to this definition, accounting is an art, not science. This art is used for the recording, classification, condensation and interpretation of scalable behaviors and events in the currency of the financial nature.
The art of accounting, summarizing, reporting and analyzing the financial transactions of a business is called accounting only. The person taking charge of accounting is known as an accountant and the accountant's role is similar to that of a record-keeper. However, accounting is now considered to be a tool of management that provides valuable information about the future of the organization.
Smith and Ashburn presented the above definition with some improvement. According to him, accounting is mainly the science of recording and classification of business transactions and events of financial nature and it is the art of analyzing, analyzing and analyzing the important summaries of those transactions and events, and communicating the results to those individuals who have to make decisions. According to this definition, accounting is both science and art. But it is almost complete science, without a complete science.
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