Question

1
Q.1) Accounting is commonly
referred to as ........... of business​

Answer 1

Answer:

from a circular sheet of radius 10cm a circle of radius 4cm is removed find the area of the remaining sheet

Answer 2

ANSWER :

Accounting is commonly referred to as the Language of business.

• ➻ According to Yuji Ijiri, "As the language of business, the accounting has many things in common with other languages. The various business activites of a firm are reported in accounting statements using accounting language; just as news, events are reported in newspapers in the English language."

• ➻ Accounting is the means through which a business unit expresses itself. It can be considered as the communication medium for business entity. Accounting is the method employed by a business entity to express its activities. As an entity, a business perform certain activities which it wants to express in its own style. Hence, what the business has done, how these have been done, what are the results thereof are communicated by using the accounting language. Afterall, it serves as the language of business.

• ➻ The primary aim of a language is to serve as a means of communication. Business enterprises use accounting for their day to day activies and to report the result of these activities to the shareholders, creditors, employees as well as Government agencies. To express the information about the activity or the state of affairs is the main objective of a language. In case of a business, various information of business activities as well as the result thereof such as fund position, operating activities and its result, amount of assets, amount of liabilities, capital, income, expenses etc. are expressed by using accounting language. Therefore, accounting is aptly called the language of business.