Accountancy, asked by rr6752860, 4 months ago

explan about basics accounting ​

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Answered by ItZzMissKhushi
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Basic accounting refers to the process of recording a company's financial transactions. It involves analyzing, summarizing and reporting these transactions to regulators, oversight agencies and tax collection entities. ... Basic accounting is one of the key functions in almost all types of businessSome of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows.

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Answered by rishiramanuja
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Answer:

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows.

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