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Nature and Scope of Accounting (in Hindi)
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This lesson discusses the nature of accounting, its scope and process of accounting. Every single concept is discussed in it.

Smriti Sethi
|Commerce Graduate|Merit Holder in 12th| Diploma in Certificate of Accounting Technicians|G.K. Enthusiast|Love to Teach|

U
Unacademy user
Thank you so much ma'am😊
trading & profit & loss a/c i don't know and if possible can you please exaplain it, thank you so much your course is awesome 👌
Smriti Sethi
9 months ago
Trading a/c is an account where we record expenses and income of factory.. like lighting expenses, etc... and profit and loss a/c is an account where the showroom expenses and income are recorded like advertising etc..
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  1. Nature &Scope of Accounting FINANCE & ACCOUNTS- SSC AAO Presented by : SmritiSethi


  2. AGout me Commerce student Done diploma in Certificate of _Accounting Technicians Banking Aspirant Follow me on Unacademy: https: //unacademy.com/user/smritisethisgnr "RATE , REVIEW & RECOMMEND"


  3. Accounting is a systematic process of Identifying, Measuring, Recording, Classifying, Summarising, Interpreting and Communicating financial information. As per American Institute of Certified Public Accountants- Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money: transactions and events which are, in part at least, of a financial character, and interpreting the results thereof".


  4. Financial Transactions Journal . Cash Book . Purchases Book Recording Sales Boolk . Purchases Return Classifying (Posting into Ledgen) Summarising Book Trial Balance Trading & Profit & Loss Accounts .Balance Sheet . Sales Return Book . Bills Payable Book . Bills Receivable Analysis & nferpretation Book Journal proper Communicating to Users


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