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Classification in terms of accounting is when the company accounts are determined for the chart of accounts. This classification helps the accounting department to allocate costs, expenses, and revenue to the correct accounts within the accounting system to appropriately track them.
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Classifying in accounting?
what is classifying in accounting?
What is classifying in accounting?
What is reporting in accounting?
What is the recording process in accounting?
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.
What you mean by cost accounting?
According to J.M Fremgen "The technique is the process of recording,classifying,allocating,and reporting various costs incurred in the operations of an enterprise"
Four phases of accounting?
recording classifying summarizing interpreting
Classifying in accounting?
what is classifying in accounting?
What is classifying in accounting?
What is reporting in accounting?
What is the recording process in accounting?
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.
What you mean by cost accounting?
According to J.M Fremgen "The technique is the process of recording,classifying,allocating,and reporting various costs incurred in the operations of an enterprise"
Four phases of accounting?
recording classifying summarizing interpreting
What are the four phases of accounting?
identifying measuring summarizing classifying
What are the purpose and phases accounting?
idenfying measuring recording classifying summarizing
What is four stages in accounting?
4 stages in accounting....1. recording 2.classifying...3.summarizing...4.interpreting
Define book keeping and explain how it differs from accounting?
which is different from accounting,refers to the mechanical aspects off accounting, such as recording,classifying,and summarising transactions.bookkeeping is therefore a part off accounting....
What are the activities involved in the accounting process?
Activities Involved in Accounting are : 1) Identifying 2) Measuring 3) Recording 4) Classifying 5) Communicating 6) Summarizing 7) Analyzing 8) Interpreting 9) Reporting 10) Decision Making
What are the aspects of accounting?
1) recording 2) classifying 3)summarizing 4) interpreting
What are the four aspects of accounting?
1) recording 2) classifying 3)summarizing 4) interpreting
