what is accountancy
Answers
accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations
please mark me brainliest
Hey mate!
I am here with your answer
It 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. Accounting provides information on the.
The three major financial statements produced by accounting are the income statement, the balance sheet, and the cash flow statement. Financial accounting is the recording and communication of economic information in accordance with Generally Accepted Accounting Principles (GAAP) and is primarily for external users.
Hope this will help you