Accountancy, asked by asmi1234522, 15 days ago

6) Describe Definition of accounting

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Answered by KonikaGupta
8

Answer:

Accounting is the process of recording financial transactions pertaining to a business. ... The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.

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Answered by tt534816
1

Answer:

Accounting is the process of recording financial transactions pertaining to a business. ... The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.

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