Question

( Short Answer Type Questions)
1. Explain the meaning of Accounting.
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Answer 1

Answer:

It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.

Answer 2

Explanation:

accounting isthe language of finance.it convey the financial position of business to anyonewho want to knowit help the t