Question

What do you mean by financial accounting explain its one main function?

Answer 1

Answer:

financial accounting is the process that is used to track the financial transactions of any company .

Explanation:

one of the function

Inflationary effects.

if the inflation rate is relatively high, the amounts associated with assets and liabilities in the balance sheet will appear inordinately low, since they are not being adjusted for inflation . this mostly applicable for long term assets.

hope it helps....

do follow me ❤

Answer 2

Hii

you are welcome in my and

Financial account is the process that is used to traced the financial account of any country .

Hope it may helps you

_/\_☹️

___________________

_____________

________