Accountancy, asked by abhimanue24, 5 months ago

Define the term accounting.

kenaiyassoapcollecti: 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. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.

abhimanue24: Thanks bro

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Answered by fpsprp1907002

Answer:

accounting is a process of recording financial transactions pertaining to a business.

hope it helps you

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Define the term accounting.