Question

definition of accounting

Answer 1

accounting is defined as a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating the financial information. 

Answer 2

Answer:

Accounting is the language of business. A firm communicate with the outside world though the statement of Accounting. The financial statement of a firm can be understood with the help of accounting. Accounting is an art of recording day to day business transactions in a correct manner it is a procedure for the collection classification and summarization of financial information.

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