Almost every business involves the exchange of money in one way or another. If I go to the store, the owner had to buy the merchandise, then I pay for it and they have to pay their rent, employees, taxes, and many other costs.
It is very important to keep careful track of all this money. The store has to make sure what they are earning is greater than the total cost of running their business. If not, they will have to close shop. They also have to plan for paying bills, and save money each month so they will have enough to pay taxes each year. They need to know they are making enough to pay their employees. And they need to make sure no one is stealing any money from the cash registers, and keep track of the cost of the merchandise that is stolen from the store.
Keeping track of all this flow of money is called "accounting." In a small store, the shop owner may do the accounting themselves. If a business is large enough, they are able to hire an "accountant" to do the accounting. The larger the business the more Accountants they may have. It is an essential part of running a business.
In business, accounts are a history of transactions. In life in general, accounts are a history of events.
your mom and dad in bed
Accounting is making a statement of company's profit and loss,and tally is making a perfect balance between assets and liability
The similarities between auditing and accounting is that both are concerned with keeping records of a business. The other similarity is that both ensure that the correct financial statement of a business are prepared.
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The master's in accounting is specific to accounting. The MBA is particular to business administration and all it contains.
In business, accounts are a history of transactions. In life in general, accounts are a history of events.
what is the relationships between statistics and accounting
If you refer to a college degree, an MBA is a Master of Business Administration, which has no relation to science.
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
I do not believe there is a relationship between chemistry (the science) and accounting
what is the difference between bachelor of science in business administration and bachelor of business administration.
Relationship between Technology and Business?
In "Business Accounting" you will learn how to keep one set of books for yourself and another set of books for the IRS.
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The Politics Administration Dichotomy emphasizes that politics and administration are fundamentally different and should be approached as such. It states that public administration is a business field, and should be kept out of the sphere of politics.
Describe the relationship between criminal justice and the Constitution.