Business accounting bba 1st sem question paper

What is accounting BBA introduction?

1.

1. INTRODUCTION Accounting is a system meant for measuring business activities, processing of information into reports and making the findings available to decision-makers.
The documents, which communicate these findings about the performance of an organisation in monetary terms, are called financial statements.

What is the introduction of business accounting BBA?

Accounting is an organized and systematic way of recording the financial transactions which are made by a business.
It is a process that summarizes, analyzes, and reports the business transactions to third parties like regulators, oversight agencies, and tax collectors..

What is the meaning of accounting for BBA first Sem?

Accounting is a process of identifying the events of financial nature, recording them in the journal, classifying in their respective accounts and summarising them in profit and loss account and balance sheet and communicating results to users of such information, viz. owner, government, creditor, investors, etc..

Financial Accounting (Q&A)