Accountancy, asked by guptahimasnhu456, 5 months ago

explain financial accounting meaning​

Answers

Answered by kajalamrita09
0

Answer:

Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use

Explanation:

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Answered by jobsjobs
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Answer:

Financial accounting is the process of recording, summarizing and reporting a company's business transactions through financial statements. These statements are: the income statement, the balance sheet, the cash flow statement and the statement of retained earnings.

Explanation:

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