Question

define accounting. what are the features of accounting​

Answer 1

Answer:

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

features :

Accounts receivable (order to cash)

Accounts payable (procure to payment)

Financial close.

Time and expense capture.

Fund accounting.

Project accounting.

Revenue recognition and management

Answer 2

accounting means recording,classifying, and summarising of business transactions in money or money's worth.and make financial reports analysis and interpret it which helpful for management to take decision

features of accounting are:

-to keep systemic record

-to ascertain operational profit and loss

-to watch movement of capital

-to ascertain financial position

-to prevents errors

-to facilitate decision making.