AccountingBlog(Theory)

 -- What is the meaning of Accounting?  The Committee on Terminology set up by the American Institute of Certi ed Public Accountants formulated the following de nition of accounting in 1961: “Accounting is the art of recording, classifying, and summarising in a signi cant manner and in terms of money, transactions and events which are, in part at least, of a nancial character, and interpreting the result thereof.”

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       Hi,My name is Abhishek Kumar and I'm from Kolkata, India.I had started Creating blog and I want to become a good and Hard worker blogger in Future.My Accounting Theory page will give Education and gidence about Accounts.This blog will help commerce students to know about the theory.   Features of My blog:- ---- I will provide you easy language . ---- Easy to understand. ----Easy to learn.                                             - Abhishek

Welcome- This page will help you for  Accounting Theory. So from the begging,(1):- What is Accounting? ---So,Accounting is an art of recording,  Classifying and summarising the business transaction in a proper and systematic way.So,the proper results of the transaction can be obtain. (2):-Types of Accounting. ---So,There are several  branches of    accounting.                              -Financial Accounting                              -Cost Accounting.                              -Management Accounting .                                 --Financail Accounting:-It is a branch of accounting which deals with past transaction of the bu...