Evaluate the statement “Accounting is all about numbers.”. Using the definition of accounting to
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“Accounting is all about numbers.”
Explanation:
Accounting is as old as money itself. During 19th century we had barter system and there was only exchange of commodities but now due to advancement in technologies accounting which deal with numbers came very important.
Accounting has become important because it is used for recording of business transaction.
The numbers in accounting is used for maintaining accounting records during the normal course of business.
Accounting is art of knowing the results of the business operations and it is analytic in nature.
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Evaluate the statement “Accounting is all about numbers.”. Using the definition of accounting
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