Question

nature of accounting theory​

Answer 1

Explanation:

Nature of Accounting: We know Accounting is the systematic recording of financial transactions and presentation of the related information of the appropriate persons. ... Accounting is identified as a process as it performs the specific task of collecting, processing and communicating financial information.

Answer 2

Explanation:

Nature of accounting theory  According to the defenition of hendriksen accounting theory is a set of broad principles that; a)Provide a general frame of refernce by which accounting practic es can be evaluated b)Guide the development of new practices and procedures