Question

explain the meaning of accounting​

Answer 1

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.

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Answer 2

Answer:

1. Accounting - Accounting keeps track of the financial records of a business. ... In addition to recording financial transactions, it involves reporting, analyzing and summarizing information. Accounts Payable - Accounts Payable are liabilities of a business and represent money owed to others.