Accountancy, asked by sami3812, 5 months ago

"accounting is an art of classification summarization and analysis of all the transaction done by a company" justify the statement,.​

Answers

Answered by abhimanyutiwari15
0

Answer:

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Answered by Anonymous
2

Answer:

Technical definitions of accounting have been published by different accounting bodies. The American Institute of Certified Public Accountants (AICPA) defines accounting as:

"the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of financial character, and interpreting the results thereof."

Though I am not a fan of technical definitions, studying the statement above will give us a better understanding of accounting.

1. Accounting is considered an art

Explanation:

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