Accountancy, asked by 2424Khushi, 6 months ago

What is accounting and what are uts characteristics

Answers

Answered by tawters
4

Answer:

Accounting can be defined as a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information

Answered by iamqueen1
347

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

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