Question

shot note acountancy​

Answer 1

Answer:

Practice and body of knowledge concerned primarily with

methods for recording transactions,

keeping financial records,

performing internal audits,

reporting and analyzing financial information to the management, and

advising on taxation matters.

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.

Accounting provides information on the

resources available to a firm,

the means employed to finance those resources, and

the results achieved through their use.

Answer 2

Answer:

COST ACCOUNTANCY IS THE APPLICATION OF COSTING PRINICIPLES METHODS AND TECHNIQUES TO THE SCIENCE , ART AND PRACTICE OF COST CONTROL AND THE ASCERTAINMENT OF PROFITABILITY

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