ACCOUNTING

                      Brief Introduction Of Accounting

ACCOUNTING

Accounting a complex word that describes the overall performance of any company,institute and business.Normally it is maintained by firms and money dealers but nowadays it is applied in each and every organization including households to a small grocery shops and of course it is mandatory  for the large scale organizations.

We have heard people saying accounts are hard to keep because it needs a lot of hard calculations and hypothetical,complex formulas. But nowadays it is not that much complex how people had spreaded in the air.Nowadays we can do accounting problems with the help of many software available in the market.And the accounting steps have been easy and everyone can deal with it easily.The man who has completed his\her primary school can also handle the simple accounting tasks.So now accounting is not as much hard it used to be.

Now lets come to the importance of accounting to the world and in our daily life activities such as in the following ways:

1. HOMES
2. BUSINESS ORGANIZATIONS
3. EDUCATIONAL INSTITUTIONS
4. FIRMS
5. GOVERNMENT
6. TRADE
7. INDUSTRY........................... 

Some of the importance are as follows:

1. We can keep eye on our assets and finance easily however we are busy with other works.
2. We can know about the real position of the stocks and raw materials in the industry.
3. We can keep the records of the daily expenditures and incomes of our homes for the better planning of the family.
4. We can keep the records and it helps in the preparation of final accounts and other financial statements which are mandatory for every business organization and every institutions.
5. Accounting is a very key process of managing the different government works and work as per schedule.
6. With the help of accounting different organizations work by preparing and keeping some goals in an accounting period.
7. Accounting also helps in the control of frauds and errors in the finance of the company.