Is accounting a language of business? Comment for 5 marks. pls give suitable ans to this ques as soon as possible.
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Yes. Accounting is the Business language. It is a system that communicates and interprets accounting information. It is important in the operations of Government agencies, Profit making organization as well as non-profit making organizations.
A word Accounting literally means "answering for responsibility". The information is communicated by Business concerned Managers to their creditors, Labour unions, Government agencies, customers, potential customers, investors, stockholders,etc.
A word Accounting literally means "answering for responsibility". The information is communicated by Business concerned Managers to their creditors, Labour unions, Government agencies, customers, potential customers, investors, stockholders,etc.
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