ACCOUNTING
ACCOUNTING:
Book Keeping:
Bookkeeping is the art of reading business dealing in a set of books.
A systemic record of daily events of business dealing to the presentation of complete financial picture is known as accounting or in its elementary stage as bookkeeping.
Introduction to Accounting:
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.
Definition of Accounting:
Accounting is the art of the recording, classifying, and summarizing in a
significant manner and in term of money, transactions and events which are in part and least, of a financial character, and interpreting the results thereof. American Institute of Certified Public Accountants (A-I-C-P-A)
Accounting has also been said to provide the “eyes and ears of the management”, “all accounting is management accounting”.
American Accounting Association. (A-A-A)
Computerized Accounting:
As its name suggests, “Computerized Accounting” is accounting done with the aid of a computer
It tends to involve dedicated accounting software and digital spreadsheets to keep track of a business or client’s financial transactions.
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