Question

Give the meaning of 'Accounting'​

Answer 1

Answer:

CORPORATE FINANCE & ACCOUNTING ACCOUNTING

Accounting

By ALICIA TUOVILA

Reviewed By JANET BERRY-JOHNSON

Updated Jan 28, 2020

What Is Accounting?

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. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.