Wha is exact defination of accouting?

Accounting is the "process" by which we obtain and use "Business Information".
This process is the same which is used to get any other information like identifying, collecting, recording, processing, summerizing and utilizing.

*Exept with the view that the information collected is more beneficial then the cost of collecting (cost of accounting).

Accounting is the measurement, disclosure or provision of assurance about information that helps managers and other decision makers make resource allocation decisions.

Siraj :D
Yaar to karta kia hay?
Have you decided about any degree?

Are you soo lazy that you cannot search this on the internet or in books?

Try to bit a bit more active.

Book,
You base your attitude to hurt someone, then how someone will forgive you. Its clearly intentional.

I have been through student life and am a teacher at University, and I know how the students waste time.

I am telling then with sincerity, and I think its in their benifit. It intentional, but good is intended.

one correction ..... its definition not defination. :)

^^The mod comes to the rescue.....

lol yes i am moderator here. :) (my first forum of life)

i didn't know about "forum" before coming here believe me i didn't post first two days on this forum because i didn't know how it works.

this is very open forum and most of us are students and you are alone teacher. :p

so you see things on this forum with different eye.

accounting is the art of recording, classifying and sumarising transactions, in a significant manner, in terms of money and interpreting the result thereof.

Hello

My lecturer told me this definition on my first day which i can still remember, here it is

"Accounting is the provision of information to different users in the manner required by them"

Hello

My lecturer told me this definition on my first day which i can still remember, here it is

"Accounting is the provision of information to different users in the manner required by them"

It means you both follow same lecturer, its good for you to exchange your views.

Regards,

Muhammad Amir

Hiya Amir,

Yes, we are class fellows.

Regards,
Ayesha.

My lecturer also told exactly same definition so its useless to repeat