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business are classified into two natures individual business & collective business
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Describe how accounting is the language of business?
Accounting helps people understand businesses based on the numbers associated with a business. Since the meanings of numbers are static, accounting is considered the language of business.
What is return inwards in accounting?
Return Inwards in accounting means SALES that was returned in your business by your customers maybe because there's something wrong or the customer is not satisfied with the product. SALES is your revenue and is credit in nature. RETURN INWARDS / SALES RETURN is the opposite of SALES, therefore, it's an expense and is debit in nature.
1 What is the nature and scope of accounting?
What is management accounting ?Explain the nature and scope of management accounting management accounting is a part of accounting which is used for decision making lik in the organisation these decision makers prepare cash flow statement wich helps in forcasting the future profit of the organisation
Function of accounting?
Accounting helps the business create reports for both internal and external shareholders. Accounting also helps a business understand their financial position within the industry.
What are some examples of accounting business software?
Accounting business software is very helpful for creating invoices and tracking expenses. Some examples of accounting software are UNIT 4 Software and Net Suite.
What are the nature of accounting standards?
what are accounting standards nature
What is the nature and purpose of accounting?
The nature and purpose of accounting
WHAT DOES THE NAURE OF THE BUSINESS MEAN?
if you mean nature, this means what type of business
What does jiabr mean?
Journal of Islamic Accounting and Business Research
What is the need of accounting for business?
sir i have a question that.. why we need accounting in business or what is the need of accounting in business
What does MYOB mean in accounting?
MYOB is an acronym for "Mind Your Own Business".
How do you explain accounting as a language of business?
Accounting is often referred to as "the language of business."
What is the money measurement assumption in acccounting?
In accounting, only those business transactions and events which are of financial nature are recorded
Why Accounting is a means to an end and not an end in itself?
I think the accounting statement indicates that accounting is merely a tool, or a means, for measuring and determining the state of a business. Accounting is not an end in and of itself. Accounting doesn't define a business' purpose or goal. It's strategy and financing of a business plan that is actually the main purpose.
Discuss the nature and scope of management accounting?
difine the nature and scope of management accounting?
What does nature of business mean in computer servicing?
It means the type of business.
What does drawing mean in accounting?
it means that the with drawing of cash from the business by the owner of the business. or it may stated that the expenses of the owner paid by the business.
