Search answer for your unanswered questions.

Class : 11
Unit : Account


Mention the process/step/cycle of accounting.
Looks like you have not signed up yet. Please sign up now to view the answers without interruption.
Redirecting in 60 seconds...
Ans : The following are the process of accounting:- a. Identification of financial transaction. b. Recording of financial transactions in primary books. c. Classification of financial transactions through trial balance. d. Summarization of classified transactions though trial balance. e. Preparation of financial account. f. Analysis and interpretation of financial statements and reports. g. Communicating the financial information to various users.
    Did you find this answer useful?
   Then Register Now to view other answers easily.
Previous
Write in brief the essential of maintaining books of account in a business.
Next
Write the difference between Book-keeping and Accounting.


Random topics

1.)Write in brief two sided error.
2.)Write the meaning of errors of principle with suitable examples.
3.)Write the meaning of errors of omission with example.
4.)Write the meaning of “Error of Commission” with suitable example.
5.)State the meaning of errors of duplication with suitable example.
6.)Clarify the meaning of compensating error.
7.)List any four errors which can be located/disclosed by trial balance.
8.)List any four errors which cannot be located/disclosed by trial balance.
9.) Define suspense account.
10.)Briefly write the meaning of reserve?