Question

what is accounting and what is processing of accounting?​

Answer 1

Answer:

hey there

Explanation:

Accounting is the process of recording financial transactions pertaining to a business.

Answer 2

Accounting is the process of recording financial transactions.

Explanation:

• Accounting can be defined as the process of recording financial transactions and maintaining the financial statements of a business or an organization.
• The process of accounting includes recording all the expenses and incomes of a firm or an individual.
• It is important for assessing the true wealth, financial health, and budgets of any institution.
• Without accounting, no proper financial records will be available.