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one of the most limitation of accounting is measurement by historical cost
accounting related to business
Math is related to accounting because they both pertain to numbers. Accounting deals with money amounts, which is a large part of math.
The four broad fields of accounting are:FinancialManagerialTaxationOther/Accounting-related
accounting is related to computer science due higher calculations used in mathmatics.
profit and loss summary
Accrual Accounting recognizes business transactions when they are occurred not when the related cash is received or a payment is made. Cash accounting is a completely opposite. In cash accounting transactions are recognized only when the related cash is received or paid.
Roots of accounting theory can be found in either decision theory , measurement theory and information theory.
Individual accounting is related to record of any sole trader .
Money Measurement Concept in accounting, also known as Measurability Concept, means that only transactions and events that are capable of being measured in monetary terms are recognized in the financial statements.
The key task of accounting-related clerks is to maintain financial records.