The mor den system of accounting is based on the principal of Double Entry system created by an Italian monk fra luca pacioli . ( also called father of accounting).
He developed this system over 500 years ago in 1494 in his book Summa De Arithmetica.
Meaning Of Accounting
Accounting is art of communicating financial information about a business entity to users.
According to ( AICPA) : American institute of certified public post Accountant.
Accounting is the art of recording ,classifying and summarizing in significant manner and in terms of money, transaction and events, which are , in part atleast of financial character and interpretating the results thereof".
He developed this system over 500 years ago in 1494 in his book Summa De Arithmetica.
Meaning Of Accounting
Accounting is art of communicating financial information about a business entity to users.
According to ( AICPA) : American institute of certified public post Accountant.
Accounting is the art of recording ,classifying and summarizing in significant manner and in terms of money, transaction and events, which are , in part atleast of financial character and interpretating the results thereof".
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