Question

ᴡʜᴀᴛ ᴀʀᴇ sᴛᴀɢɪɴɢ ᴀᴄᴄᴏᴜɴᴛ ᴘʀᴏᴄᴇss?​

Answer 1

❥ᏗᏁᏕᏇᏋᏒ࿐

⇢The accounting process is the series of steps followed by the business entity to record the business financial transactions that include steps for collecting, identifying, classifying, summarizing and recording of the business transactions in the books of accounts of the company.

❥ᏂᎧᎮᏋ ᎥᏖፚ ᏂᏋᏝᎮᏕ࿐

Answer 2

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.