Question

The functions of accounting are​

Answer 1

Explanation:

The basic role of accounting is to provide relevant financial information to the businessmen and the stakeholders. Furthermore, facilitating the decision making processes and keeping them updated. There are two types of functions of accounting, first, historical functioning and second, managerial functionals.

Answer 2

Answer:

Functions of Accounting..

1. Recording of financial transactions.

2. Classifying of financial transactions.

3. summarizing financial transactions.

4. Finding net results.

5. Exhibiting financial affairs.

6. Analyzing financial data.

7. communicating financial information.