Accounting science or art?

Accounting is both an art and science.

Accounting is an art because it can be learnt by practice and not by mere listening to it like scientific rules. Every accountant is not the same. Many are good and other make mistakes, like every person is not a great artist. A person who has more experience in accouting, will be able to understand every new transaction, new developments and new changes in accounting more easily than an inexperienced one.

It is science because it is based on many rules, concepts, conventions andassumptions. If everything goes accordingly, your balance sheets match, trial balances match and profits can be calculated correctly. But even if a singleaccounting concept is mishandled and transaction is entered incorrectly, it brings propagation errors. We need to go back every step to trace it, which is very exhausting. So it's a science.

In simple words , science establishes relationship of cause and effect whereas art is the application of knowledge comprising of some accepted the ories and rules.
Accounting is an art of recording financial transaction in a set of book; classifying in desired categories and summarizing the information for presentation in a suitable manner to the concerned persons for their benefit.
Accounting is also science in the sense that it comprises of rules, principles, concepts, conventions and standards.
All these form body of knowledge which has recognitions all over the world.
The term GAAP denotes generally accepted accounting principles.
At present we have International Accounting Standards Committee also.

accounting is the combination of science and arts.

accounting is science and arts

Both of them art and science

Accounting is an art as well as a science

both of them science and art

Both of them

Accounting is an art as well as a science.
I have found that debits must always equal credits – a scientific formula.
I understand that the balance sheet must always balance – a scientific conclusion.
“Numbers” seem to overwhelm the accounting product and “numbers” are created within the science arena.
Declining balance depreciation is computed very scientifically.
The income tax computations are based on the scientific applications of adding, subtracting, multiplying and dividing.
Accounting is an art of recording, classifying and summarising financial transactions.
It helps us in achieving our objective of maintaining proper accounts , also to know the profitability and financial position of the business.
The American Instituted of Certified Public Accountants defines accountancy as an art.

Accounting is the art of using the science

Art