All ABOUT ACCOUNTING

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  •             ****ACCOUNTING****
Definition:- 
                   ACCOUNTING is an art of recording all transactions of business and knowing the result of carrying out the business activity.

**HISTORICAL PERSPECTIVE OF ACCOUNTING :- 
             Historians claim that accounting was
introduced thousands of years ago using clay
tokens to keep records of crops and -livestock.

** MODERN PERSPECTIVE OF ACCOUNTING:-
                    Is the art of recording, classifying
and summarizing in a significant manner and in terms of money, transactions and events which are,in part at least, of financial character,and interpreting the results thereof.'-American Institute of Certified Public Accountants (AICPA) Definition.


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