Question

11. What do you mean by Accounting ? Explain in brief any four advantages of Accounting.​

Answer 1

Accounting :-

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.

advantages of

Accounting:-

1)Replacement of memory

2)Valuation of business

3)Comparison of results

4)Decision making