Accounting Basic to Final in Tally with GST 3

Institute Registration Offer from ITT Council

Information Technology and Technical Education Council, Delhi ITT Council, Delhi IT & Technical Education Board Register Your Institute Free Scheme* Free Registration* National Level Certificate Certificate Course And Diploma Courses Online Admission Online Exam Online Provisional Result Online Payment Online Student Attendance Software Free Certificate Dispatch By Post Video Tutorial Facility Coming Soon All Type of Training Institute Computer Institute Technical Institute Parlor & Fashion Designing Institute Registration Easy Step - ü Click Link http://ittcouncil.com/AT CRegisterationForm?plan=1 ü Apply Online Registration ü Fill Form ü Submit ü Document Send by e-mail – info@ittcouncil.com ü V...

MEANING OF ACCOUNTING

MEANING OF ACCOUNTING The committee on terminology set up by the American institute of certified public accountants formulated the following definition of accounting in 1961. Accounting is the art of recording, classifying and summarizing in significant manner and in terms of money, transactions and events which are in part at least, of financial character and interpreting the result thereof. As per this definition accounting is simply an art of record keeping. The process of accounting start by first identifying the events and transaction which are of financial character and then be recorded in the books of account. This recording is done in journal or subsidiary books, also known as primary books. Every good record keeping system includes suitable classification of transaction and events as well as their summarization for ready reference. After the transaction and events are recorded, they are transferred to secondary books i.e. ledger. In ledger transactions and event...

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