Question

Define accounting?objectives of accounting?

Answer 1

Answer:

Accounting or accontary is the measurement, processing and communicating of financial and non- financial information about economic entities such as business and corporation.

Step-by-step explanation:

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Answer 2

Accounting is regarded as language of business. The basic purpose of accounting is to communicate about the performance of the business, with various and users who are interested to know about the business because they have some stake in it.

Accounting may be defined as identifying ,measuring, recording and communicating of financial information.

Objective of accounting :

1. Recording business transactions .

2. Determining profit and loss .

3. Information about financial position .

4. Help in proper management .

5. Helping tax assessment .

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