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Commerce · Q2764

Accounting

Graduate and Post Graduate · Commerce · question 2764

Q2764

Accounting is:

A.
the art of recording, classifying and summarising in a significant manner and in terms of money, transactions and events which are, in part at best financial in character, and interpreting there of
Answer
B.
a systematic and regular record of events affecting a firm with a view to obtaining a clear financial picture
C.
preparation of various financial statements over a period of time of a firm to measure its performance in monetary terms
D.
nothing but book-keeping

Answer: Option A

Solution

Answer: Option A
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