tasks that bussiness perform and sell to costumers
accounting
Accounting is the process of collecting financial data,recording,presenting,analysing, summarizing & communicating financial information to the users of financial statements.while Book-keeping is just d collecting & the recording phase of Account.
Accounting is the process of collecting financial data,recording,presenting,analysing, summarizing & communicating financial information to the users of financial statements.while Book-keeping is just d collecting & the recording phase of Account.
Normalizaton
The recording process in accounting is the process of summerizing, classifying, and recording analysed transaction data in the journal in a systematic and chronological order and posted those to the ledger.
accounting
Accounting is the process of collecting financial data,recording,presenting,analysing, summarizing & communicating financial information to the users of financial statements.while Book-keeping is just d collecting & the recording phase of Account.
Accounting is the process of collecting financial data,recording,presenting,analysing, summarizing & communicating financial information to the users of financial statements.while Book-keeping is just d collecting & the recording phase of Account.
Normalizaton
The recording process in accounting is the process of summerizing, classifying, and recording analysed transaction data in the journal in a systematic and chronological order and posted those to the ledger.
Bookkeeping is the process of recording, organizing, and managing a business's financial transactions systematically. It involves maintaining accurate records of income, expenses, assets, and liabilities, ensuring that the business's financial data is well-organized and up-to-date.In essence, bookkeeping serves as the foundation of a company’s financial health. Without proper bookkeeping, it’s nearly impossible to make informed business decisions, comply with tax regulations, or measure profitability effectively.
Accounting is an information system for measuring, processing and communicating information that is useful in making economic decision. Every business is conducted to make profit. Accounting knowledge is there to assist the business man to assess whether the business is making profit or loss. In accounting brings discipline on how to source money, how to spend and how much to save. Accounting ensures consistency in the treatment of various transactions. Accounting involves gathering of financial data, recording classifying, summarizing and communicate the results to the owners of the business, or to others allowed to receive this information. Accounting should not be confused with Book keeping as Book keeping is the part of accounting concerned with recording of financial data. Book keeping is the process of recording data relating to accounting transactions in the books of accounts.
A person who has chosen the career path of an accountant has many responsibilities. This person will perform many accounting procedures such as the recording of finances for a business or an individual. They also analyze business data and provide financial advice.
Information on commodity data can be found at business and financial webpages such as 'Bloomberg'. Alternatively, one can try the Financial Times business markets webpages.
true
Book keeping is the systematic way of recording day to day business transaction in a way that will be well known while accounting is a system of recording, analyzing,classifying,summarizing ,interpreting and communicating financial data so that it will enable the user to make assessment and decision.
Data entry plays a vital role in the success of E-Business. For an E-Business the automated data entry process helps to minimize duplicate entry, speeds up the process, and allows instant data search between records. This results in saving of time and money for the business.