Question

explain in detail the concept of accountig​

Answer 1

Answer:

Accounting concepts are a set of generals conventions that can be used as guidelines when dealing with accounting situations. ..

Accounting information should be reliable.

Accounting information should contain no biases.

Accounting information should faithfully represent the related business transactions.

Answer 2

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.