define accounting , exlain the major process in accounting
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it is a process of collecting, recording, classifying, sunmerising and communicating financial information to the users.
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the process or work of keeping financial accounts.
"an investigation into suspected false accounting"
recording financial transactions pertaining to a business
Explanation:
Accounting, also known as, accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
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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