Question

basic accounting definition

Answer 1

Explanation:

100000000090 ruppes ok

Answer 2

Answer:

In simple terms accounting can be stated as the process of maintaining financial books. It is the systematic and comprehensive recording of financial transactions related to a particular business and firm.

Explanation:

Accounting is a very wide topic which goes by the definition "It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity."

It has 3 major things included Balance Sheet , Income Statement and a cash flow statement.