The presentation of anything in a different manner without changing its nature and meaning isknown as an art. Skill is required to prepare accounts with limitations of different accounting form. Basedon this we can say that accounting is an art. Formation of accounting is based on rules and universally accepted principles prepared by humanbeing. When a person record the transaction, he has to follow the rules only. Any special skill is notrequired. When accounts are prepared by different persons, the process of preparation of accounts andits results would remain the same. Thus, due to rules and principles accounting is known as science.