Question

introduction of the all types of accounts related goods

Answer 1

Accounting is a concept that is used to record and analyse all data relating to the finances of the entity that it is done for.

This is done with reference to a set of rules which are known as the accounting standards, although some countries like the U.S. follow their own rules of accounting and the rules of accounting in U.S is the Generally Accepted Principle of Accounting or GAAP.

Answer 2

Bookkeeping is the instrument used to record exercises and exchange that happen inside a business.

Anyway with the end goal to comprehend record, a standard arrangement of principles for bookkeeping inside the U.S. has been set up.

These guidelines are known as the Generally Accepted Accounting Principles (GAAP).

The principal general standard of bookkeeping is that each exchange is recorded.