Question

Accounting is not concerned only with the recording of transaction .coment

Answer 1

HEYA.......
Accounting is not only concerned with the recording of transaction.
accounting is defined as an art and science of recording,classifying and summarising ,in a significant manner,transactions and evevts ,which are of financial character and interpreting the results thereof.
this shows that besides recording ,accounting is also concerned with summarising,classifying and interpreting of business trancations.

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