What is financial accounting, it's importance , scop and limitation?
Answers
Answered by
1
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption.
Recording Transactions. A major use of financial accounting is for the recording of transactions. This function ofaccounting is also known as bookkeeping. ... This use ofaccounting is important to small-business owners because it provides a methodological approach to describing the activities of business.
Recording Transactions. A major use of financial accounting is for the recording of transactions. This function ofaccounting is also known as bookkeeping. ... This use ofaccounting is important to small-business owners because it provides a methodological approach to describing the activities of business.
Answered by
0
Answer:
see the above attachment
Attachments:
Similar questions