what is financial accounting?
Answers
Answer:
see the explanation
Explanation:
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.
Answer:
Financial Accounting
Financial Accounting is an art of
Recording every business transaction in monetary terms,
Classifying and grouping of transactions of same categories under one head,
Summarising the transactions in a significant manner,
Identifying the profits and losses for a given period and the value and the nature of a firm's assets and liabilities and owner's equity,
Communicating the information about overall health and well-being of the company to the external parties such as suppliers, banks and leasing companies etc.
Comparing , Analysing , Evaluating , Measuring and Ascertaining the net results in terms of profits and losses.
hope it may help you...
♥️♥️♥️
please mark my answer brainliest
☺️☺️☺️
#answerwithquality#BAL