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When referring to accounting it is an information and measurement system that identifies Records and communicates relevant, reliable, and comparable information about the businesses activities and recordkeeping pr bookkeeping is recording the specific transactions and events in chronological order electronically or manually the relation is is that this is part of the accounting process of analysis and interpretation
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The reasons for keeping accounting record?
for a-level accounting . why stakeholders(customers) use the accounting records for guarantees and order met??? the reason for keeping accounting records because human memmory is short and changable, so there is chances of contravercies in future that's why account bookss are keeping
What is Accaunting?
Accounting is the mathematical record of any business. IE keeping the record of incoming and goods that are sold in an understandable language.
What is the difference between manual record keeping and computerized record keeping?
"Manual accounting systems are the systems that have been there from ancient times and it all began with keeping records of taxes, tributes, and temple inventories. Computerized accounting systems are quite new in the trend and they have brought a significant revolution to this space. Talking about the major difference that exists between manual and computerized accounting systems is that manual accounting is where each and every transaction is maintained physically in a register or maybe an accounting book. On the other hand, computerized accounting, as the name suggests, represents the storing of all the financial transactions in accounting software. Dox and Box is well known for providing all kinds of records and documents management services. Give Dox and Box and call for all your organizational document storing services. "
Distinguish between accounting and book keeping?
distinguish between book keeping and accounting
Prepare a bin card in relation to cost accounting?
prepare a bin card in relation to cost accounting
The reasons for keeping accounting record?
for a-level accounting . why stakeholders(customers) use the accounting records for guarantees and order met??? the reason for keeping accounting records because human memmory is short and changable, so there is chances of contravercies in future that's why account bookss are keeping
What is Accaunting?
Accounting is the mathematical record of any business. IE keeping the record of incoming and goods that are sold in an understandable language.
What is the difference between manual record keeping and computerized record keeping?
"Manual accounting systems are the systems that have been there from ancient times and it all began with keeping records of taxes, tributes, and temple inventories. Computerized accounting systems are quite new in the trend and they have brought a significant revolution to this space. Talking about the major difference that exists between manual and computerized accounting systems is that manual accounting is where each and every transaction is maintained physically in a register or maybe an accounting book. On the other hand, computerized accounting, as the name suggests, represents the storing of all the financial transactions in accounting software. Dox and Box is well known for providing all kinds of records and documents management services. Give Dox and Box and call for all your organizational document storing services. "
Distinguish between accounting and book keeping?
distinguish between book keeping and accounting
Scope of managerial accounting?
The scope of managerial accounting focuses on the financial aspects of the organization. This will include proper record keeping, balancing records and so much more.
What is accounant?
An accountant is an individual who performs accounting tasks for individuals or companies. Accounting is generally considered to be the process of keeping track of a business' finances.
Prepare a bin card in relation to cost accounting?
prepare a bin card in relation to cost accounting
How do you record corporate income tax in accounting records?
keeping adequate record of corporate income tax is the same rule as keeping adequate records in preparing financial statement right? Then it is under uk companies act section 386?
What does the term non profit accounting mean?
The term "nonprofit accounting" refers to the financial record keeping of companies that qualify for tax exemptions such as Charities, Hospitals, Government Departments and Credit Unions.
What is record keeping in a business?
Maintaining daily transaction records in account books in a business is called record keeping. While it was manual in early days, presently all records are kept in computer generated accounting system where chances of error is minimum.
What is sales accrual?
Accrual is a form of record-keeping. Usually, businesses record sales on a cash or accrual basis. Accrual accounting is when sales are recorded when they are made instead of when payment is received.
What is bookeeping?
Bookkeeping means different things to different people. Some view it as the same as accounting while others see it as record keeping.
