Question

. Define Accountancy and its features​

Answer 1

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

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Answer 2

An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organisation or company's financial operations. In a smaller business, an accountant's role may consist of primarily financial data collection, entry and report generation.