11 March 2013
My one friend told me that A/C'ing is a Language, but i am confused with this statement.
I think it is the method of representing financial Data and enable the users to frame their decisions on such represented evalution like math and science....
11 March 2013
that depends upon understanding. And it's totally based upon personal view. May be while learning he used to think transactions as mere routine things and he understands it better when considered as a language.
Account is like science which has its own set of rules. You can even google.
you will eventually get the answer that account is a method or system for recording summerising the financial transactions and so on.
CAclubindia
