Question

accounting is basically concerned with​

Answer 1

Explanation:

It appears from the above analysis,that Accounting is basically concerned with recording of the business transactions, designing the types of records to be maintained, preparing the reports on the basis of those recorded data and transactions and interpreting those reports.

Answer 2

Accounting is basically concerned with​ money measurement concept.

• Accounting's money measurement concept states that only transactions with a monetary value are recorded in books of account.
• Accounting exists anywhere there is money.
• The monetary value principle is applied to all of these accounting entries by the money measurement concept.
• Financial accounting creates financial records for management as well as assessments for investors and shareholders.
• A consistent strategy is to measure all corporate processes or performances using a single metric, such as monetary value.