Question

What is accounting and ledger account? Advantage and disadvantages?

Answer 1

accounting is a way helps in managing a business in systematic manner.

Ledger account - it keeps to account all losses,profits of a business .

It helps in decision making about business .

Answer 2

Accounting:-

accounting is art of recording activity classification and summarising in a significant manner in the the terms of money transactions and events which are in part of at least of these financial character

Account:-

a place where transactions are recorded is called account

advantages and disadvantages of accounting are attached with answer

hope its helpful