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...