Accountancy, asked by sajalakash1, 3 months ago

How would you define accounting and its usage?

Answers

Answered by asmamirza105
1

Explanation:

Accounting is the process of recording financial transactions pertaining to a business. ... 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.

Answered by BeingPari
49

Answer:

Accounting is the process of recording financial transactions pertaining to a business. ... 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.

Explanation:

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