Question

ong Answers
1. What is accounting? Define its objectives.​

Answer 1

Answer:

Accounting is the process of identifying,measuring,recording and communicating the required information relating to the economic events of an organisation to the interested users of such information.

The objectives of accounting are as follows

i) Maintenance of Records of Business Transactions.

ii) Calculation of Profit and Loss.

iii) Presentation of the Financial Position of the Business .

iv) Providing Accounting Information to its Users

Answer 2

Answer:

Accounting is a system which provides the information of financial records of assets and liabilities.

And for objectives you can find your answers from Google