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Accounting is an art as well as science. Discuss. |
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Answer» Accounting is an art: art means application of knowledge to produce the desired result, accounting ivolves the designing of information system, record filing system, standardisation of forms and statements etc. The working of an accounting needs creative and active skills . and involvement of all staff. Accounting is also science: A ‘Science’ means a systematic body of knowledge relating to universal phenomenon. It consists of concept theories, rules, and techniques developed by the process of rational thinking and spirit of enquiry, accounting is a social science.. So accounting is a applied science as well as art of recording a business transactions. |
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