Question

What do you mean by accounting ? And define its objective?

Answer 1

accounting is famously known asthe "language of buisness"through the financial statements the end product report in accounting,it dwellers information to different users.

Objectives of accounting are:

1)to maintains full and systematic records of buisness transaction.

2)to ascertain profit or loss of the business.

3)to depict financial position of buisness.