Q:- 1. What is Accounting ? Ans. It is the science to record the transactions. Q:- 2. What is the meaning of Accounting ? Ans.

It is art to transfer the values from bill, vouchers, invoices, receipts and cash memo to da boo!. Q:- ". What do ou mean b Accounting? Ans. #o calculate the net profit from all the transaction is Accounting. Q:- $. Accounting ? Ans. Assets % &apital ' (iabilit Q:-). What is the definition of Accounting? Ans. #o record financial transaction and leave rest is accounting. Q:-*. What can ou sa about Accounting? Ans. I can sa onl that accounting is the boo! of accounts, transaction, their record, profit and loss account and balance sheet and their anal sis. Q:- +. What is the simple definition of Accounting? Ans. ,ournal - (edger - #rial .alance - /anufacturing Accounts - #rading Accounting - 0rofit and loss accounting - .alance sheet - &ost 1heets - .udgets - #rends - 2atios - &ash flo3 statements - fund flo3 statement