Question

Explain any four features of accounting

Answer 1

Explanation:

At a minimum, a modern accounting system should automate and streamline core financial management functions such as:

Accounts receivable (order to cash)

Accounts payable (procure to payment)

Financial close.

Time and expense capture.

Fund accounting.

Project accounting.

Revenue recognition and management

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Answer 2

Answer:

Accounting is defined as a process of record keeping of all financial transactions in a business. In business every transaction to be recorded. The analysis of these statements also determines the productivity and financial health of the organisation, which acts as a guide for further growth.

Explanation:

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