Question

discuss briefly the nature of accounting​

Answer 1

Answer:

Accounting is art of recording, classifying, summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character and interpreting the results thereof. The Nature of Accounting can be defined in two ways:

Quantitative Attributes of Accounting

Qualitative Attributes of Accounting

Answer 2

Answer:

Accounting is art of recording, classifying, summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character and interpreting the results thereof.