Question

what is accountancy? its functions. ​

Answer 1

Answer:

The purpose of accounting is to provide finical information to the stake holders of the business:management , investors and creditors . Accounting measures and summarises the activities of the company and communication the results to management and other interested parties

Answer 2

ANSWER:-

What is accountancy

•Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities.

•Accountancy is the process of managing the income and expenses of a business. Manage your accountancy needs with a comprehensive accounting system such as Debiter

Function of accountancy

Functions of Accounting are;

• control of financial policy,

• formation of planning,

• preparation of the budget,

• cost control,

• evaluation of employees’ performance,

• Prevention of errors and frauds.

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