Question

short note on basic of accounting​

Answer 1

Accounting is the process of recording financial transactions pertaining to a business. ... The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.

ANSWER PROVIDED BY GAUTHMATH

Answer 2

basic accounting is refer to the process of recording a company's financial transaction .the financial statement used in basic accounting brief summary of financial transaction over on accounting period, summarizing a company's cash flows ,operations and financial positions