Accountancy, asked by rdarji1977, 3 months ago

Accounting is a language of business.explain​

Answers

Answered by aisha2006oppo
9

Answer:

Financial Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. ... This course will provide you with the accounting language's essentials

Answered by hussainhussain
7

Answer:

Accounting is often called the “Language of business.” It is a means of communicating information about a business. Its responsibility is applying a thorough knowledge of the theory of accounting, that is, generally accepted principles of accounting to the practical field of business in order that income and financial position may be stated fairly.

Accounting is the analysis and interpretation of book­keeping records. It includes not only maintenance of accounting records but also the preparation of financial and economical information which involves the measurement of transaction and other events pertaining to a business.

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