Posted by shamser
On
Thursday, July 8, 2010
- on the basis of practice the scope of accounting is vary wide, which can be explained as number:
- trading corporation; every business organization has to use accounting system for the determination and to present as a proof of evidence.
- non trading concern;the organization which is established to provide service not to earn profits also have to use account about to know incomes and expenditure and total assets and liabilities of that concern.
- individual and professional organization: the accounting system is more practicable for individual to maintain total income and expenditure as well as professional incomes. for example doctors, lowyer,have to maintains it for this actual records.
- government organization: government office have to use account to maintain their record about public revenue and expenditures.
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