Question

WHAT IS ACCOUNTANCY WHY DO WE USE IT
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Answer 1

Answer:

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization

Answer 2

Answer:-

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.