Accounting Training in Chandigarh

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Accounting Training in Chandigarh
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What is the difference between accounting and
bookkeeping?

• The accounting process involves recording,
  interpreting, classifying, analyzing, reporting
  and summarizing financial data. Bookkeeping is
  the process of recording financial transactions.
  Recording financial transactions is the first
  part of and the foundation of the accounting
  process.

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What are the five principles of accounting?

• These five basic principles form the foundation
  of modern accounting practices.
• The Revenue Principle. Image via Flickr by
  LendingMemo. ...
• The Expense Principle. ...
• The Matching Principle. ...
• The Cost Principle. ...
• The Objectivity Principle.

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What is the main objective of accounting

• The following are the main objectives of
  accounting
• To maintain full and systematic records of
  business transactions ADVERTISEMENTS ...
• To ascertain profit or loss of the business
  Business is run to earn profits. ...
• To depict financial position of the business ...
• To provide accounting information to the
  interested parties

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How is accounting performed?

• The primary task of accountants, which extends to
  all the others, is to prepare and examine
  financial records. They make sure that records
  are accurate and that taxes are paid properly and
  on time. Accountants and auditors perform
  overviews of the financial operations of a
  business in order to help it run efficiently.

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Do you have to be good at math to be an
accountant?

• A certain amount of math is required to be an
  accountant, but only the very basics. If you are
  aware of the principles involved in addition,
  subtraction, multiplication and division, you
  already have enough math knowledge to be an
  accountant. There is limited algebra involved,
  but nothing more.

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Accounting Training in Chandigarh
CBitss Technologies

• 09988741983,0172-5031983
• counselor.cbitss_at_gmail.com

Website http//cbitss.co.in/accounting-courses-i
n-chandigarh.html
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CBitss Technologies