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Is accounting a branch of science?
Although it uses some mathematics, accounting is a branch of economics.
How is mathematics used in financial accounting?
In financial accounting, mathematics is used in calculating changes to the capital, assets and liabilities of a company. Most transactions are recorded in mathematical figures.
How Business mathematics important to organization?
Business maths are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. Mathematics typically used in commerce includes elementary arithmetic, elementary algebra, statistics and probability. Business management can be made more effective in some cases by use of more advanced mathematics such as calculus, matrix algebra and linear programming.
What is the difference between computerised accounting system and manual accounting system?
the difference is that one is with a computer and the other is with writing utensils. i.e pencil, pen, markers
What is the difference between a debit and a credit in accounting?
In accounting, a debit represents an increase in assets or expenses, while a credit represents an increase in liabilities, equity, or revenue.
What is the relationship between financial accounting and mathematics?
Accounting has close relationship with mathematics. The dual aspect concept, which is the basic concept of accounting, is expressed as a mathematical equation, known as accounting equation. Accounting computations such as computation of depreciation, determination of loan instalment, ascertaining of cash price in case of hire purchase and instalment systems requires use of mathematical techniques. Accountants now use statistical models, computers and operation research techniques. All these require knowledge of mathematics.
What is the relationship between financial accounting and Statistics?
what is the relationships between statistics and accounting
What is the Relationship between financial and accounting?
Accounting has close relationship with mathematics. The dual aspect concept, which is the basic concept of accounting, is expressed as a mathematical equation, known as accounting equation. Accounting computations such as computation of depreciation, determination of loan instalment, ascertaining of cash price in case of hire purchase and instalment systems requires use of mathematical techniques. Accountants now use statistical models, computers and operation research techniques. All these require knowledge of mathematics.
What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
Importance of chemistry in accounting?
I do not believe there is a relationship between chemistry (the science) and accounting
What is importance of mathematics in accounting?
The importance of Mathematics in accounting is that different accounting activities require the use of Mathematical principles. Mathematics will therefore help accountants to effectively solve various accounting problems easily.
What is the relationship between algebra and probability?
They are both branches of mathematics.
What is the relationship between art and mathematics?
not sure , maybe cuzins ..
What is the relationship between human resource department and accounting department?
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How discover accounting?
accounting and mathematics was discovered by the ancient Chinese people
What is the role of mathematics in accounting?
Accounting is all math. Money is numbers.
What is relationship between tally and accounting?
Accounting is making a statement of company's profit and loss,and tally is making a perfect balance between assets and liability
