Question

1. Explain the meaning of accounting

2.what is the process of accounting?

3.Why the following parties are interested in         accounting information? A.Investors B.Government

4.Explain any four objective of accounting?

5.write a short note von double entry system of     accounting?

6.what is meant by cadh Transaction?

7.what is meant by Tangible Assets?

8.Give two examples of current assets?

9.what is an Income?

10.A firm earns a revenue of ₹21000 and the expenses to earn this revenue are ₹ 15000.calculate it's income.

plz anwer me with in 2 hrs
i will mark u as brainlist


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Answer 1

Explanation:

• Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.
• The accounting cycle, also commonly referred to as accounting process, is a series of procedures in the collection, processing, and communication of financial information. As defined in earlier lessons, accounting involves recording, classifying, summarizing, and interpreting financial information.
• Objectives of accounting in any business are; systematically record transactions, sort and analyzing them, prepare financial statements, assessing the financial position, and aid in decision making with financial data and information about the business.

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Answer 2

Explanation:

explan tha meaning and process of accounting