Question

What is accounting and who is introducing a accounting?

Answer 1

Accounting is the system of recording financial transactions with both numbers and text in the form of financial statements. It provides an essential tool for billing customers, keeping track of assets and liabilities (debts), determining profitability, and tracking the flow of cash.

Answer 2

Accounting, also known as, accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.