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CBSE Class 11-commerce Answered

“Accounting is an art as well as science.” Do you agree with this statement?
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
answered-by-expert Expert Answer

Yes, accounting is both an art as well as science. It is an art as it records, classifies and summarises the financial transactions which helps in understanding the profitability and financial status of the business. Accounting is also a science as it is structured knowledge based on certain basic principles.

Answered by | 07 Jun, 2016, 01:48: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 11:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 09 Jun, 2016, 12:59: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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