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Showing posts from July 18, 2010

Types of Accounting

The term "accounting" covers many different types of accounting on the basis of the group or groups served. The following are the types of accounting. 1. Private or Industrial Accounting 2. Public Accounting 3. Governmental Accounting 4. Fiduciary Accounting 5. National Income Accounting All above types are according to the work place.

What is Accounting?

I know that you have knowledge about accounting and Accounting terms. I am just reminding you. I am using simple words and simple concept of accounting. Different teachers and books use different words to define accounting but the concept is the same. I am defining here in simple words such as "Systematically recording, classifying and summarizing the business transaction is called Accounting" If you have simple word accounting definition then post here for other students

When We Start Accounting?

Every one is working on Accounting but he don't know. You are thinking, how every one doing Accounting. I am not laing. I proof it. Every one have knowledge of his daily, month expenditures. He also knows his daily or monthly income. Every one also calculate his Daily or Monthly Savings. What is this? Is it Accounting or Not?