Accountancy, asked by sahilsewanee, 10 months ago

an ideal definition of accounting​

Answers

Answered by nidhi2620
0

Explanation:

The three major financial statements produced by accounting are the income statement, the balance sheet, and the cash flow statement. ... Financial accounting is the recording and communication of economic information in accordance with Generally Accepted Accounting Principles (GAAP) and is primarily for external users.

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