Question

4.Write any three accounting features.​

Answer 1

Answer:

Financial Accounting and its characteristic features

Following are the characteristics features of Financial Accounting:

1) Monetary Transactions: ...

2) Historical Nature: ...

3) Legal Requirement: ...

4) External Use: ...

5) Disclosure of Financial Status: ...

6) Interim Reports: ...

7) Financial Accounting Process:

Explanation:

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Answer 2

Answer:

* Monetary Transactions: .

* Historical Nature: ...

* Legal Requirement: ...

* External Use: ...