Thursday, July 21, 2011

scope of Account

Accounting is importations in professional business organization .social institution as well as governmental bodies
too. so its scope is unlimited .The accounting has the following different areas .
A. Help to trading concern : Accounting records the entries transaction of a business concern .
B. Help to non- treading concern : The institutes established without intending to profit are know an non-treading concern  .
C. Helps the government : The government collects the receipt in terms of tax , donation from donor countries , loans from financial institution revenues from  government companies etc .   
D. Helps to professional and individuals : The record of receipt and payment is importance in personal life or individual as well as professional.  

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