GK Questions with Answers in English

 

What is accounting ?


Accounting is the backbone of bu

Accounts concept

siness and finance, involving the systematic recording ,classification and reporting of and I said transaction and event stop this process provides stakeholders with a clear snapshot of a company's financial performance, position, and cash flow.

 Financial A ccounting- Preparing financial statement for external users like investors and creditors .

Managerial accounting -Providing financial insights to internal stakeholders like management for informed decision making.

Tax accounting- Handling tax returns and ensuring compliance with tax laws.

Auditing -verifying financial statements and records for accuracy and adherence to accounting standard.

Nature and significance of Management:

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