Illustrate the term accountingaccountingit is an art of, Ask an Expert

Management Studies

Illustrate the term accounting?

Accounting:

It is an art of classifying and recording data. Here, the data considers to transactions consisting of monetary or financial values. As per this, accounting is merely an art and not a science. Such contention is held due to the fact which the principles and rules of accounting are not based upon general truths and natural laws as any mathematical or physical science. Accounting has its own laws that apply equally well within similar circumstances for same business transactions.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9578378

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