Accountancy, asked by 7891priyahalder, 1 year ago

What is accounting? What are its objectives and limitations

Answers

Answered by Anonymous
2
The process or work of keeping financial accounts.
Answered by tanushree7
14
accounting is the term used to describe the wide range of activities. it may be defined as the identifying, measuring, recording and communicating of financial information.
its objectives are:
1: to protect and control business properties
2: to prevent theft, fraud and error
3: to find out the financial position of the business as on a date
4:to provide a record of all business transactions in a systematic manner.
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