History of Accountancy:-
             Book - Keeping and Accounting birth is associated with birth and growth of business and development

"बुक-कीपिंग और  एकाउंटिंग  का जन्म एवं विकास व्यापार के जन्म और विकास के साथ  जुड़ा है".

      

      आधुनिक बुक-कीपिंग प्रणाली का जन्म १४९४ ई. में इटली के बेनीस नामक शहर में हुआ था। इस प्रणाली के जन्मदाता प्रसिद्ध गणितज्ञ और दर्शनशास्त्री "Lucas Pacioli" थे. इन्होने "De Computiset Scripturise" नामक पुस्तक इटली के बेनीस सहर में सर्वप्रथम प्रकाशित किया.

Definition of Book-keeping:-

            “Book-keeping is the art of recording pecuniary or business transactions in a regular and systematic manner”

Note:-

           Before the working is Trial Balance in Book-Keeping and after Trial Balance working is accounting.

                                                    “Accounting is the art & science”

            (Accounting is a broad term, it includes also Financial Accounting, Cost Accounting, Management Accounting, Tax Accounting and Government Accounting.)

Types of Accounting:-

                                    

Tally 9.0 ERP

INTRODUCTION TO ACCOUNTING

Accounting:-

                        Accounting is the language of business. It is the art of recording classifying   and   summarizing   in   a   significant   manner   and   in   terms   of   money,   transactions   and events which are in part at least of a Financial Character and interpreting the result thereof. In simple terms accounting means

a)         Recording

b)         Classifying

c)         Summarizing all the transactions which take place in the day to day business.

    This is done for a particular period of 12 months called a  “Financial Year”.  It generally starts on 1st April and ends on 31st March.

         All   the   information   of   this   period   taken   for   Interpreting   Financial   events   is   helpful   for decision making.

         A person running a business needs to know his :-

         1)         Assets.

         2)         Liabilities.

         3)         Profit or Loss.

         4)         Accordingly the future planning.

         

                     In short accounting means recording the transactions. So what is transaction?

        

          Transaction   is   an   event,   which   definitely   affects   the   financial   position   of   the   business. 

      

               Hence, to become a transaction the event must fulfill the condition of making some change in the expenditure, income owning and Owing  The event taking place must make effect on profit or loss of the business. Merely placing of an order or just an inquiry is not a transaction.