Accounting has been defined as “The art of recording, classifying, summarising, analysing and interpreting the business transactions systematically and communicating business results to interested users is accounting” by whom?
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AICPA AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
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The given definition was provided by American Institute Of Certified Public Accountants (AICPA)
Explanation:
Accounting has many definitions but, this definition was the most used and most common definition of accounting. It was created in the 1941, by the American Institute Of Certified Public Accountants (AICPA) consisting of more than 4,90,000 certified public accountants in the America today.
This definition came to life when many experts in AICPA together came up with one final definition which we use today This is how and who found the world renewed accounting definition came into existence.
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