Question

define the term accounting and discuss its functions​

Answer 1

Answer:

accountancy is a process which systematically and

comprehensively records buisness events and transaction and translate it into the financial information of the business entity to assist the stakeholders in the decision - making process

Answer 2

Explanation:

The main functions of accounting are to store and analyze financial information and oversee monetary transactions. Accounting is used to prepare financial statements for a company's employees, leaders, and investors. Accounting also functions to ensure payment of funds into and out of a company.