Question

accounting is basically concerned with a- forecasting, b- measurement,c- management, d- none of the above

Answer 1

Answer:

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.

Explanation:

Answer 2

Accounting is basically concerned with financial state of a business. Therefore, none of the above options are correct. (Option d )

• Accounting is the process of measuring and analyzing the financial data of an organization.

• The basic features of accounting are -

1. Accounting helps in comparing financial data over a period and analyze them to make make better decisions .
2. Accounting makes the financial data more understandable and           analytical.
3. Accounting makes the data more authentic and applicable in nature                so that proper judgement could be made by the information being.