what is accounting

Accounting is the process of summarising, classifying, analysing financial statements to enable users of financial information make informed decisions

BJ
Answered by Barakat J. Accounting tutor

2528 Views

See similar Accounting A Level tutors

Related Accounting A Level answers

All answers ▸

Toyosi paid £6,600 for insurance during the year ended 31/03/2014. The "insurance prepaid" account showed a balance of £390 as at 01/04/2013 and a balance of £450 as at 31/03/2014. Calculate the insurance expense for the year ended 31/03/2014.


What is depreciation and what are the 2 methods of depreciating non-current assets?


“Provision for depreciation is made to provide funds for replacement of a fixed assest” discuss this statement (6 marks)


What is an IAS?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning