Brief and Concise Definitions of accounting from all sources:
· a
system that provides quantitative information about finances and expenses
· In
terms of accountancy, it is the occupation of maintaining and auditing records
and preparing financial reports for a particular business and time frame,
mostly it is quarterly, bi-annual and annually;
· a
chronological list of bookkeeping transaction related to individual/business
debits and credits presenting in the forms and it’s part of a ledger of
accounts;
· In
terms of account, it is a statement of recent transactions made with the
resulting balance;
· The
art of communicating all financial information of a certain business entity to
shareholders/stockholders and top management. This communication is mostly
generated using a form which generally called financial statements that shows
money and resources;
· The
Subject Accounting was first introduced on 1958 using the novel Scottish
written by Bruce Marshall;
· It
is a development using of a system in recording and analyzing financial
transactions and status of a business/ or organization;
· A
relaying or continuously of events from the start of an organization, to
justify action within operation;
· A
total system for recording and summarizing business transactions (in and out);
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Source:
agmrc.org/business_development/getting_prepared/valueadded_agriculture/glossaries_of_terms/farm_analysis_terms.cfm
wordnetweb.princeton.edu/perl/webwn
en. wikipedia.
org/wiki/Accounting
Tnx for reading
KSM
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