Question

what is Accountancy? Explain it with example?​

Answer 1

Answer:

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.

Explanation:

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Answer 2

Answer:

The definition of accounting is the process of systematically recording and managing financial accounts. Preparing a Profit and Loss Statement is an example of accounting.  A system that measures, organizes, and communicates financial information about a specific business, government, or other entity.

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