Question

1. What is Accounting? What are its functions? -Explain​

Answer 1

Answer:

An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organisation or company's financial operations. In a smaller business, an accountant's role may consist of primarily financial data collection, entry and report generation.

Answer 2

$\huge\boxed{\fcolorbox{white}{pink}{Accounting→}}$

Accounting is the measurement, processing, and communication of financial and non financial information.

$\huge\boxed{\fcolorbox{white}{pink}{Functions→}}$

Function of accounting is to keep a systematic record of financial transaction – journalisation, posting and preparation of final statements.