Question

mention the characteristics of accounting?..

Answer 1

1.understandability

2.relevance

3.consistency

4.comparability

5.reliability

6.objectivity

Answer 2

1// RELATED TO BOOK KEEPING ::.

ACCOUNTING IS RELATED TO BOOK KEEPING BCX IT ALSO INCLUDE THE PROCESS OF RECORDING THE ENTRIES..

2// BASED ON MANY CONCEPTS..

ACCOUNTING BASED ON A LOT OF CONCEPTS AS IT CONTAINS GOING CONCERN CONCEPT, DUAL CONCEPT, MATCHING CONCEPT, BUSINESS CONCERN CONCEPT ETC..

3// ART :: ACCOUNTING IS AN ART BCX IT
RECORDS ENTIRES IN WRITTEN FORM

4// SCIENCE :: ACCOUNTING IS A SCIENCE AS IT ACCEPTS THE RULES TO RECORDS THE ENTIRES...

5// SYSTEMATIC RECORDING ::

ACCOUNTING IS A PROCESS OF INDENTIFYING, RECORDING, COMMUNICATING, INTERPRETING ETC.. OF THE TRANSACTIONS... IT RECORDS ALL THE TRANSACTIONS DATE WISE... I. E. IN SYSTEMATIC MANNER...


HOPE ITS HELPFUL