Question

what are the features of accounting?​

Answer 1

Answer:

Accounting is defined as a process of record keeping of all financial transactions in a business. In business, every transaction is expected to be recorded. ... Sometimes accounting is also defined as the process of collecting, recording, studying, and reporting the financial transactions of an organization.

Explanation:

Accounting's main feature is also classifying all business transactions. Accounting makes group of all similar accounting entries in one place. For example all receipt and payment will be shown in cash book. So, all transactions are collected under one common head .

Answer 2

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