Question

What is accountancy? Explain detaily. I will make sure as a brillianest. But please don't spam.​

Answer 1

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Accountancy is the process of managing the income and expenses of a business. Manage your accountancy needs with a comprehensive accounting system such as Debitoor. Start today. The process of recording and summarising financial transactions is known as 'bookkeeping'.

Answer 2

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Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

Includes instruction in accounting principles and theory, financial accounting, managerial accounting, cost accounting, budget control, tax accounting, legal aspects of accounting, auditing, reporting procedures, statement analysis, planning and consulting, business information systems, accounting research methods.