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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What are the steps involved in the process of accounting? - Accountancy

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Question

What are the steps involved in the process of accounting?

Short Note

Solution

Accounting is the systematic process of identifying, measuring, recording, classifying, summarising, interpreting and communicating financial information.

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Accounting Cycle
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Chapter 1: Introduction to Accounting - Very short answer questions [Page 13]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 1 Introduction to Accounting
Very short answer questions | Q II 3. | Page 13
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