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Basics Theory of Accounting : Accounting courses in Chandigarh

Accounting and Auditing | Hindi | Finance | Public administration | Accounting course in Chandigarh 1. Meaning of accounting: The accounting has been defined by the scholars as following. According to Dr. M. P. Sharma, "Accounting means to make financial transactions, whether it is  from any public interest or to make a sequential record of private industry or person." According to Francis Okay- "The method of creating and expressing facts related to that financial  situation and operations is called accounting only, which is necessary as a basis for  management." Accounting arrangements are being arranged for the general public to keep getting public  information publicly in a systematic manner. In the absence of accounting, the financial system  can not run smoothly. The amount of money collected in government funds and how much of the amount has been  spent in it, the information is received only through accounting. Looking a...