Question

What do you mean by accounting & explain in brief any fan advantage of accounting?

Answer 1

Accounting 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.

Advantages of Accounting:

Accounting helps to maintain the business records in a systematic manner. It helps in the preparation of financial statements. Accounting information is also used to compare the result of current year with the previous year to analyze the changes.

hope it helps..

Answer 2

Explanation:

heya mate option C is the answer