Question

Define accounting, explain the major processes of accounting ​

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

Answer 2

Answer:

the process or work of keeping financial accounts.

"an investigation into suspected false accounting"

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.