Question

briefly appreciate the exact nature of accounting​

Answer 1

Answer:

The Nature of Accounting Systems. • Accounting is the process of recording, classifying, summarizing, reporting and interpreting information about the economic activities of an organization

Answer 2

Answer:

accounting is the process of recording, classifying,reporting and interpreting, information about the economic activities of an organisation.

it is an art of recording, classifying, summarizing in a significant manner and in terms of money.

transactions and events which are in part at least ,of financial character and interpreting the result thereof..

aspects of accounting are:--

events-- accounting records only economic events.

communication-- the recorded events are communicated to management and other internal and external users regularly through accounting reports.